News

• Poll shows 81% of households cut costs as energy price cap rises – from food to fashion
• Around a third haven’t been able to put money aside to cover increasing bills since April
• 20% of households would consider using credit cards to cover energy bills, 15% would take out a loan
• Nationwide starts offering financial health checks to struggling members across branch, phone and video

• Building Society announces resumption of work on sustainable housing project in Swindon
• Lovell Partnerships Ltd will deliver remaining construction work on 239-home development
• Subcontractors returning to site throughout August with homes on sale later this year
• Lovell will replace previous construction partner, Mi-space, following their administration
• Oakfield set to be one of Britain’s largest off-gas housing developments

• Nationwide launches The Landlord Works – a new platform offering support for all UK landlords
• Free online resource addresses the needs of landlords to help them manage properties and finances
• Introduction of The Landlord Works aims to further improve health of the private rented sector
• Aimed at fostering better landlords everywhere as 23% of private tenants live in ‘non-decent’ homes¹
• Complements The Mortgage Works, which continues to offer competitive buy-to-let mortgages

Nationwide today becomes the first major lender signed up to Deposit Unlock – a mortgage indemnity scheme which supports 95% Loan to Value (LTV) lending on newbuild properties for both first-time buyers and second steppers up to the value of £750,000.

Nationwide Building Society will be reducing two and three-year fixed rates at between 75% and 95% Loan to Value (LTV) by up to 0.17 percentage points from 17 September 2021

• More than a third of landlords lacking confidence they can improve their properties to EPC ‘C’
• Property constraints, access and disruption key challenges facing landlords to making changes
• Lack of finance also key issue; 14% will need to spend all their annual rental income, plus more
• TMW offers Green Further Advance at 1.49% - up to 50% lower than normal further advance rates

• Pandemic compounds existing issues, from rising house prices to a growing divide between owners and renters
• Nationwide Building Society takes broad approach by working across sectors and industries to find solutions
• Society joins raft of respected organisations and experts in housing, from Barratt Developments to Shelter
• Action groups aim to help find solutions to issues around housing affordability, accessibility and sustainability

• 63 per cent of people say the UK has a housing crisis, rising to 71 per cent of private renters
• A quarter of renters say pandemic has made it less likely they will be able to buy their own home
• 68 per cent of renters don’t think they will ever be able to afford a home to buy
• 57 per cent of households are now homeowners, down from 64 per cent in 2003
• Nationwide & Ipsos MORI research forms part of comprehensive ‘Future of Home’ report launching on Monday

• Five-year fixed at 60% LTV at 0.99% with £1,499 fee – available to home movers and remortgages
• Society gives further choice to homebuyers with introduction of new three-year fixed rate range with rates aligned to Society’s two-year products
• Selected two and five-year fixed rate products for home movers, first-time buyers and those remortgaging reduced by up to 0.40%

• Research from Nationwide highlights interest in green but lack of knowledge or action
• Urgent need to green homes – despite half of Brits saying they are environmentally friendly
• 53% don’t know what CO² means, 75% what net-zero means and 90% what EPC means
• Nationwide’s £1 billion loan fund is available for borrowers to green their homes