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Sunday 08th of March 2009

News Tag: BSA

March 4, 2009

BSA: Rate cuts an ‘assault’ on savers

by David Masters
Rate cuts an 'assault' on savers
Further cuts to the Bank of England's base rate (BBR) would be an 'assault' on both savers and borrowers, the Building Societies Association (BSA) said this week. The BBR is already at an all time low of 1%, and analysts widely expect the central bank to announce additional cuts later this week. However, the BSA warned that cutting the BBR again would be ...



March 3, 2009

Building societies benefit as savers seek save haven

by Kay Murchie
”Building
According to the Building Societies Association (BSA), over one million people opened a new building society savings account last year. Building societies have benefited since the collapse of Icelandic banks, Icesave and Kaupthing Edge, and the near collapse of Northern Rock, Bradford & Bingley, RBS, HBOS/Lloyds. The BSA said an additional 1.2 million accounts (net of closures) were opened during ...



February 2, 2009

Building Societies warn against January base rate cut

by Gill Montia
Building Societies warn against January base rate cut
The Bank of England has been cutting the base rate aggressively since the autumn of last year and homeowners on tracker rates are becoming used to an almost monthly drop in the cost of their mortgage repayments. The Bank's Monetary Policy Committee meets again this week amid speculation that the base rate could fall to 1% in January, in a ...



December 18, 2008

BSA survey reveals shift in housing market sentiment

by Gill Montia
BSA survey reveals shift in housing market sentiment
The Building Societies Association (BSA) has published the results of its latest Property Tracker survey, which indicate that more people believe that now is a good time to buy a home. Forty-six per cent of those surveyed were, to some extent, positive about making a purchase, compared with 34% in September and 27% in July. Fifteen per cent strongly disagreed with ...



June 23, 2008

Confidence in UK housing market reflects mixed woes

by Gill Montia
Confidence in UK housing market reflects mixed woes
The Building Societies Association (BSA) has been investigating levels of confidence in the UK residential property market. Predictions for falls in house prices continue to grab the headlines but according to the BSA's Property Tracker survey, 27% of Britons are convinced that now is a good time to buy. A more cautious 51% do not consider it a good time to ...