Gross mortgage lending of building societies in the UK 2017-2021
Building societies, unlike banks are not listed on the stock market and thus, don't have external shareholders. Instead, the "owners" and decision makers of building societies are mortgage borrowers, savers and current account holders. Building societies offer many traditional banking products and financial services such as mortgage lending, savings and current accounts.
This statistic shows the monthly development in the value of gross mortgage lending provided by building societies in the United Kingdom (UK) from January 2017 to March 2021. As of March 2021, the gross mortgage lending by building societies peaked at approximately 7.7 billion British pounds, up from 4.6 billion British pounds in March 2020. This dramatic increase could be explained with the lower volumes registered in 2020 during the coronavirus (COVID-19) pandemic. The fluctuation in lending can also be seen in the number of mortgage loan approvals.
This statistic shows the monthly development in the value of gross mortgage lending provided by building societies in the United Kingdom (UK) from January 2017 to March 2021. As of March 2021, the gross mortgage lending by building societies peaked at approximately 7.7 billion British pounds, up from 4.6 billion British pounds in March 2020. This dramatic increase could be explained with the lower volumes registered in 2020 during the coronavirus (COVID-19) pandemic. The fluctuation in lending can also be seen in the number of mortgage loan approvals.
