Mutual mortgage approvals up and BSA elects new chairmen
The Building Societies Association has elected Peter Griffiths, chief executive of Principality Building Society, as its chairman for 2011/2012. He replaces David Webster, chief executive of Hanley Economic Building Society, who has held the post for the past year.
David Stewart, chief executive of Coventry Building Society, has taken over as BSA deputy chairman from Mr Griffiths.
Mutuals approved £2.1bn worth of mortgages in March, which is up by 29% on the £1.7bn approved in both March 2010 and in February 2011. Gross lending by mutuals totalled £1.7bn in March, an increase of 8% compared to the £1.6bn in March 2010, and up from £1.5bn in February 2011.
May 5, 2011
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