On 19 August 2015, the Building Societies Association published a press release revealing that building societies approved 189,000 mortgages in the first half of 2015, accounting for 29% of the total market.

The data shows that net lending (gross lending minus repayments) by building societies was £6.5 billion compared to £4.9 billion by other lenders during this period. 

Paul Broadhead, Head of Mortgage Policy at the BSA, said:  “This data again demonstrates the key contribution that building societies are making to the UK mortgage market. Mortgage approvals are up, mortgages balances remain steady and building societies accounted for over half of net lending in the first half of the year, against a natural market share of 20%.