News

The Mortgage Works will be lowering rates on selected two and five-year fixed rate products across its buy-to-let, limited company buy-to-let and let-to-buy mortgage ranges – with rates starting from 2.99%.

• Nationwide reducing rates for existing customers switching to a new deal or new customers remortgaging by up to 0.29 percentage points
• Nationwide offers market-leading 3.94% rate for new customers looking to remortgage, with a £1,499 fee
• Switcher rates for existing customers start from 3.94% but with a £999 fee
• Follows earlier rate cuts for first-time buyers and home movers on Wednesday

• Nationwide cutting rates by up to 0.25 percentage points
• For new and existing customers looking to move home, rates start from 3.89%
• Rates starting from 4.09% for first-time buyers

The Mortgage Works has boosted its support for limited company landlords by removing the need for all mortgage applicants to be directors.

• Tea is the most popular first drink in the morning, with over one in five Brits having at least five cups a day 

• Poll from Nationwide marks Dementia UK’s ‘Time for a Cuppa’ - encouraging people to talk and connect over tea 

• 65% of Brits would use tea as a remedy for comforting others, while 56% have used it to check in on older relatives 

• While milk ‘first or after’ debate rages on, Gen Z bring back the humble teapot from the brink of obscuri-tea 

• David Attenborough top tea date followed by Prince & Princess of Wales; Tom Holland most popular with Gen Z 

The Mortgage Works is tomorrow (Thursday 17 April) cutting rates on selected two and five-year fixed rate products across its mortgage range.

• New data shows how #sunshineguilt spending shot up in warmest March in 115 years
• Nationwide data shows gardening spend in March up 95% compared to February, and up 26% year on year
• DIY spending was up 17% compared to February, and up 7% versus March last year
• March also ushered in an increase in holiday and airline spend - up 15 per cent compared to February and up 9% on March 2024

• The Money and Mental Health Policy Institute has awarded Nationwide an advanced rating through its Mental Health Accessible programme for essential services firms.
• Nationwide is the first building society to gain this rating - which is the second of three levels firms can achieve through the programme.
• This follows a comprehensive review by the charity assessing the accessibility of their services for customers with mental health problems.
• The award recognises the tangible steps Nationwide has taken to support its customers with mental health problems, and the progress it has made after working with Money and Mental Health to make their services more accessible.

The Mortgage Works will be reducing selected two-year fixed buy-to-let rates by up to 0.10%. The new rates will be effective from tomorrow, Wednesday 9 April.

• Sole applicants now need minimum income of £35k to benefit from Helping Hand; minimum income requirement for joint applications remains at £55k
• Nationwide regularly reviews minimum incomes on Helping Hand to ensure high loan-to-income lending remains within regulatory limits
• The UK’s leading lender* to first-time buyers continues calls for a review of the regulatory limit to help more into a home of their own

• As Glastonbury festival ticket resale looms, high demand and low availability create perfect storm for scammers, warns Nationwide
• New research reveals 1 in 4 (25%) have fallen victim to ticket scams, losing £82 on average
• A staggering 51 per cent of Brits would consider buying tickets from questionable sources
• Nearly 1 in 5 (18%) young people (aged 25-34) are more likely to take risks as big events approach
• Two in five (40%) 25-34-year-olds are willing to knowingly buy fake tickets to secure a spot