News

26 items found, showing page 1 of 3

26 Jul 2021

Four major action groups launched to find new ways to tackle the UK housing crisis

  • 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

23 Jul 2021

Difficult journey to home ownership exacerbated by the impact of the pandemic

  • 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

20 Jul 2021

Nationwide launches sub-1% five-year fixed mortgage as it cuts rates by up to 0.40%

  • 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%

15 Jul 2021

Energy bills would need to rise by £56 a month before average Brit invests in making home greener

 

  • 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

19 May 2021

End of consumer hedonism? UK households reluctant to spend £180 billion of Covid savings

  • Research from UK Consumer Insight Panel shows lockdown has flipped nation’s priorities
  • UK optimism rises, but caution leads to households prioritising savings over spending
  • Despite savings made by many, 1 in 4 households see savings reduce because of Covid
  • More people shunning ‘live for today’ mantra than endorsing it for the first time in 22 years
  • Panel outlines trends they are seeing, from rising footfall and optimism to worries about finances
  • Call for government and business to encourage smarter spending that supports a green recovery, wellbeing for lowest earners and champions safety for consumers

17 May 2021

Nationwide launches 95 per cent Loan-to-Value mortgages with market-leading rates to help first-time buyers and home movers

  • Nationwide largest lender to relaunch 95% LTV loans outside Mortgage Guarantee Scheme
  • Market-leading rates from 3.49% with all products under 4% for first-time buyers and home movers
  • Available via brokers and direct through Nationwide to help those struggling to save a deposit
  • Follows launch of Helping Hand up to 90% LTV allowing FTB option to borrow up to 5.5x income

03 May 2021

The Mortgage Works - Rental Market Review: Post-pandemic rental market outlook clouded by economic uncertainty and shifts in housing preferences

  • 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

26 Apr 2021

Nationwide launches cashback incentive to encourage energy efficient homeownership

  • £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

21 Apr 2021

Nationwide returns to accepting bonus, overtime and commission income

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.

20 Apr 2021

Nationwide helps Generation Rent become Generation Buy as Society increases max loan-to-income ratio for first-time buyers

  • 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

23 Mar 2021

Homeowners encouraged to go green as Nationwide offers its lowest ever further advance rate for sustainable home improvements

  • Rate of 0.75% on Green Additional Borrowing across all LTV tiers up to max 85% LTV
  • Available for borrowing of up to £25,000 for a range of sustainable home improvements
  • Nationwide to begin offering its Green Additional Borrowing to brokers in the coming weeks
  • Case study: Amy Brierley of Bolton borrowed £25k to make her home more energy efficient
  • Rates reduced as Society leads way on greening of UK homes

22 Mar 2021

Half of renters have no home insurance in place, despite average £25k value of contents

More than two million privately rented households in the UK have no insurance policy on their properties, despite the contents of an average property amounting to £25,126, according to a new poll.

The gap in cover is shown in new research by Nationwide Building Society as it highlights the need to protect belongings in homes, regardless of whether they are owned or rented.

26 items found, showing page 1 of 3