Gross mortgage lending of building societies in the UK 2017-2023, by month

The gross monthly mortgage lending of building societies in the UK between 2017 and 2023 ranged from three billion British pounds and 10 billion British pounds. In September 2023, the value of gross lending stood at nearly 5.2 billion British pounds - a decline of more than 1.3 billion British pounds from the same month in 2022.  The fluctuation in lending can also be seen in the number of mortgage loan approvals.
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.