New data has revealed that the UK’s building societies lent almost £13 billion in the form of new mortgages (gross lending) during the first quarter of 2015.

The figure, highlighted by the Building Societies Association (BSA), was almost 30% of all lending and thus represented a market share increase.

BSA’s head of mortgage policy, Paul Broadhead, said that mutuals had a strong start to the year, and that without their contribution to lending, the market may actually have shrunk.

He also commented:

“Societies hold a 20% share of mortgage balances, but have had a much greater share of the flow of new lending for some time. In the first quarter they delivered 29% of all new mortgages.”

He concluded that it was a combination of the competitiveness of their product ranges, and importantly, the individual and personal way they approach the underwriting of each case.

When you decide upon a career within the mortgage industry, you will need to be committed to undertaking and completing the CeMAP training. By passing the end exam, you will then be qualified to meet with customers and conduct a full affordability of their income and expenditure.

Whilst ensuring that you fully comply with the regulation set out by the Financial Conduct Authority (FCA), and also working within the processes and procedures of your employer, you will support customers on their journey to mortgage completion. You will provide an honest and transparent recommendation as to the most suitable mortgage package for their individual circumstances.

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