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Building Societies Archive
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Building Societies report growth in mortgage lending
The Building Societies Association (BSA) has reported encouraging lending figures for August. Mortgage approvals lifted by 10% on July this year and were up 17% compared with August 2010. Gross mortgage lending reached an 11 month high in August lifting to £2.1bn and marked an increase of 8% on the figures for August 2010. [...] -
More Mergers on the Horizon
The Coventry and Stroud & Swindon Building Societies have confirmed they are to merge. Coventry is the UK’s 3rd largest society and one of the strongest, having recently declared healthy profits of £56.2m for 2009. Stroud & Swindon are the 11th largest, and their branch network should make a good geographical fit for Coventry. Stroud [...] -
Skipton & Chesham building societies to merge.
This week, Skipton Building Society announced plans to merge with the Chesham. The Skipton, who only completed their merger with Scarborough Building Society 11 months ago, hope the deal will be completed by June. While Chesham only add 3 branches to the new group of 92, the deal is subject to their members’ approval, and [...]
