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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