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The Building Society Association (BSA) Mortgage Lending

 

Definition: The Building Society Association, known as the BSA, reports the amount of lending for new mortgage approvals.

 

 

Additional Info: A rising trend is seen as an indication of a strong economy because consumers tend to make large purchases at times when they are confident about economic strength. It also has a positive effect on inflation and is seen as a sign of a strong housing market.

Related Terms: Mortgage Approvals - Net Lending to Individuals - Rightmove House Price Index

 

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