News

321 items found, showing page 1 of 27

16 May 2022

Nationwide first financial provider to partner with ReachOut – a free support service prioritising wellbeing

  • ReachOut focusses on welfare to help empower people to take more control of their situation
  • Service creates a safe place where money is never requested nor debts asked to be repaid
  • Follows work done by Society to make debt collection practices fairer across sectors
  • Service adds to a number of ways Nationwide is helping address financial hardship

13 May 2022

Nationwide launches new issue of its Triple Access Online ISA paying a highly competitive 1.00%

  • New issue of 1 Year Triple Access Online ISA with increased rate launching Friday 13 May
  • Society to increase rate on Triple Access Online Saver with new issue launched the same day
  • Nationwide is also increasing rates on one, three and five year fixed rate products

12 May 2022

Nationwide increases maximum loan-to-income on like-for-like remortgages

  • Maximum loan-to-income increasing from 4.49x to 6.5x on like-for-like remortgages
  • Change applies to remortgage applications started from today, Thursday 12 May
  • Available to those looking to remortgage without taking any additional borrowing
  • Society’s change makes it easier for borrowers to move lender to secure better mortgage deal

11 May 2022

TMW cuts selected Limited Company buy to let rates

On Thursday 12 May, The Mortgage Works (TMW) is reducing selected limited company buy to let rates by up to 0.55%.

09 May 2022

Nationwide stops 2,000 more online shopping frauds a month as new payment checks show a small delay is worth its weight

  • Strong Customer Authentication stops 2,000 more transactions a month falling prey to fraud
  • More than two thirds are happy for payments to take a little longer if they are better protected
  • More worry about losing bank card than data theft, despite nearly all online fraud relying on leaks
  • 42% say SCA makes them feel safer and 27% say it makes them more likely to shop online

04 May 2022

Home truths: Rising cost of living forces first-time buyers to put plans on ice for now

  • 70% of hopeful homeowners delay purchases by average of nearly two years due to cost pressures
  • 88% of prospective first-time buyers worried living costs are harming efforts to save deposits
  • 48% reduce amount they save towards a deposit and 38% repurpose earmarked cash
  • 69% willing to relocate to another part of the UK in order to get more for their money
  • 65% say they need to buy with someone else to be able to afford a property
  • Saving to move: 43% reduce socialising; 36% sell items and 12% shelve family plans
  • Nationwide offers £500 cashback to first-time buyers who complete their mortgage with Society

28 Apr 2022

Nationwide increases savings rates

  • Society increases rates on its instant and limited access savings accounts
  • Base Mortgage Rate (BMR) and Standard Mortgage Rate (SMR) increasing in line with Bank Rate

26 Apr 2022

TMW increases maximum LTV for new build flats

From today, Tuesday 26 April, The Mortgage Works (TMW) is increasing the maximum loan-to-value (LTV) on new build flats from 65% to 75%.

26 Apr 2022

Nationwide to give grants to charities addressing cost of living crisis as households face mounting pressure

  • Applications open for Community Grants of up to £50,000 to tackle housing and cost of living issues
  • Nationwide research shows 85% of people are concerned about the rising cost of living
  • £22 million funding to have been made available to charities and organisations by 2023

22 Apr 2022

Non-essential spend jumps 16% as longer and freer days put spring in the step of consumers despite cost of living rise

  • Nationwide’s Spending Report tracked c217m credit, debit card & direct debit transactions made in March
  • Overall spending up 16% vs February; non-essential spending (c£2.8bn) in March is highest so far in 2022
  • Spending on charities was up 45% vs March 2021, with many supporting the humanitarian effort in Ukraine
  • With rising petrol and diesel prices, spending on fuel and electric charging up 56% vs 12 months ago
  • Credit card transactions up 29% versus March 2021 as more turn to credit to pay for goods and services
  • Nationwide encourages people struggling financially to contact their bank or building society for support

12 Apr 2022

More than six in ten households forced to make cutbacks for first time due to rising cost of living

  • 42% say cost-of-living crisis has led to them monitoring spend more than ever before, poll shows
  • Households attempt to shave costs as lights go out, heating goes off and people ‘make do and mend’
  • 77% want to be more self-sufficient but 17% currently face a bleak decision to either ‘eat or heat’
  • 29% can’t afford a full tank if fuel prices exceed £1.80 a litre – as diesel continues to hover above £1.70
  • Nationwide, part of Green Homes Action Group, urges government to deliver a long-term solution to better protect households from volatile energy prices

321 items found, showing page 1 of 27