News

• Nationwide has partnered with Form3 to use their platform to help deliver the Society’s future payments strategy
• The Society’s members will be amongst the first in the UK to benefit from the cloud-native technology Form3 uses to process payments

• Private rented sector (PRS) in retreat pre-pandemic after a long period of expansion
• Pandemic prompting more people to consider a move, particularly private renters
• Pandemic likely to shape pattern of economic activity and housing demand in years ahead, including private rental sector

• Nationwide Spending Report shows Q1 essential and discretionary spend down year on year
• Essential spending down 3.4% while non-essential spending reduces 14.9%
• Brits spending more on emotional connections vs 2020 – from dating to gardening and pets
• Department store spending also soars as people continue to order from comfort of their home
• Spend via mobile payments jumps by 47% due to lower cash usage; credit card spend falls 23%

• £500 cashback for homebuyers purchasing EPC-A rated properties; £250 for high EPC-B rated
• Green Reward available across all Nationwide’s purchase mortgage range
• Available on all types of properties; direct through Nationwide and via mortgage brokers
• Follows on from Society reducing rate on Green Additional Borrowing to 0.75%
• Nationwide’s Green Additional Borrowing product also now available via mortgage brokers

• £50m Oakfield development set to be one of Britain’s biggest off-gas housing developments
• Ambitious plan for all 239 homes to be EPC-A rated through forward-thinking approach
• Society shares learnings with house builders to encourage others to improve standards
• Nationwide has made £1bn available for borrowers to reduce carbon footprint of homes

• Nine in ten of Gen-Z (aged 16-24) are investors or have considered investing
• Two fifths of this age group expect to make big gains from investing
• Almost half of Gen-Z learned about investing from watching Hollywood films
• Younger generation believe they will see returns considerably faster

From 22 April, Nationwide Building Society will return to allowing bonus, overtime and commission income to be included as part of the mortgage affordability calculation.

• First major lender to offer first-time buyers ability to borrow 5.5 times salary up to 90% LTV
• New Helping Hand option to enable homeownership for many who have been frozen out
• Nationwide makes £1 billion available for lending on higher loan-to-income mortgages
• Last ten years saw average first-time buyer property prices jump 41%, while income rose 18%
• Move marks next step in Society’s plan to support those looking for a home of their own

Children get the chance to make their mark on football in new FA & Nationwide Building Society campaign

• The Society will adopt EcoVadis’ sustainability rating system to enhance the way it measures the sustainability of its supply chains
• Part of Nationwide’s ambition to build more diverse, more ethical and greener supply chains
• Follows High Commendation for Best Initiative to deliver Social Value by CIPS

• Partnership with Switchd gives Nationwide members six months’ free ‘auto-switching’ service
• A third choosing green tariffs, saving the equivalent carbon of driving three million miles¹
• Around 2,700 members have signed up and will have collectively saved over half a million pounds annually

• As more turn to investments, 22% don’t know how to check if an investment company is genuine
• Nationwide Building Society’s own data reveals a rise in investment scams over the last year
• 15% of victims would proceed if someone said they could get money back for a fee, and would continue with the scam
• But only 44% of investment scam victims would think about telling their bank or building society