News
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.
11 Jan 2021
Nationwide to lead cross-sector group aimed at helping find ways to rebuild post COVID-19
- Expanded group consists of major UK retailers and consumer groups and will meet each quarter
- Panel will measure and assess impact of Brexit and Covid as nation hopes to recover and rebuild
- Nationwide focussing future efforts on four areas: Home, Work, Financial Wellbeing & Community
- Initial research from Ipsos MORI reveals changing societal needs across these four areas of life
03 Apr 2020
Nationwide halts plans to enter the business banking market as it focuses on its existing members' financial priorities
Nationwide Building Society (‘Nationwide’) has today announced that it is stopping plans to enter the UK business banking market as it prioritises supporting its members through the immediate and longer-term financial implications of COVID-19.
18 Nov 2019
House-share from hell: Brits reveal lack of sharing leads to housemate squabbles
- Four in five Brits admit to disagreements with housemates
- Cleaning and bills key causes of arguments, according to new poll
- People choose to live together due to financial difficulty of living alone
- One in three pay more than their fair share, adding extra £339 per year
- Quarter have even lost a friend due to a household disagreement
23 Sep 2019
Fastest rise in Empty Homes since Recession
- Action on Empty Homes and Nationwide Building Society call for targeted national investment to bring homes back into circulation to help reduce the housing crisis
- Empty homes in England increase by 5% (11,000) – double the rise of previous year
- Now more than 200,000 empty homes across the country after second year-on-year rise