Product news

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25 Mar 2024

The Mortgage Works reduces rates

The Mortgage Works (TMW) will be reducing rates on selected buy-to-let and limited company products by up to 0.40 percentage points. The new rates will be effective from Tuesday 26 March.

04 Mar 2024

The Mortgage Works Improves Affordability Criteria

The Mortgage Works is tomorrow (Tuesday 5 March) reducing its Interest cover ratios (ICR):

  • For higher rate taxpayers, the ICR reduces from 165% to 160%
  • For Limited Company and lower rate taxpayers, the ICR reduces from 130% to 125%

04 Mar 2024

Nationwide Urges Government To Boost Homeownership Ahead of Spring Budget

  • Asks include a market-wide review, reintroduction of Help to Buy ISA, stamp duty reform and an increase in higher loan to income lending

01 Mar 2024

The Mortgage Works Urges Government To Support Landlords For A Stronger Private Rental Sector

  • The Mortgage Works calls on Government to introduce four measures to build a stronger private rental sector

21 Feb 2024

Discount store spend jumps 41% as Brits offset cost-of-living by bagging bargains

  • Households aim to make money go further by shopping at discount stores, such as B&M, Poundland & Temu
  • Nationwide’s Spending Report shows Brits spent £7.5bn in January – three per cent increase on last year
  • Renters face biggest hike as rent payments rise 28% year on year, while mortgage repayments up by 11%
  • Despite rising essential costs, spend up on non-essentials, from subscriptions to holidays and health & beauty
  • Nationwide, which operates a cost-of-living helpline (0800 030 4066) urges anyone struggling or worried to contact their financial service provider to help them get back on track

12 Feb 2024

Romancing the homme: How scams are rising for men looking for love

  • Romance scams with male victims rose 40% between 2022 and 2023, according to Nationwide’s customer data
  • However, women are likely to lose more to love scams: average loss of £10,610 versus £8,181 for men in 2023
  • 20% of romance scam cases reported by men in 2023 involved victims aged 20-30 years old
  • Nationwide’s Scam Checker Service enables customers to check and protect a payment first

09 Feb 2024

Product update - Flex Regular Saver

From today (9 February 2024), Nationwide is launching a new issue of its Flex Regular Saver paying a highly competitive 6.5% AER/gross p.a. for 12 months1.

29 Jan 2024

Nationwide and The Mortgage Works launch new service for brokers to assist customers needing additional support

Nationwide and The Mortgage Works (TMW) are today launching a new service that enables brokers to highlight when a new or existing mortgage customer or landlord has additional support needs.

29 Jan 2024

The Mortgage Works Further Reduces Switcher Rates

From Tuesday 30 January, The Mortgage Works will be reducing rates on selected switcher mortgage products by up to 0.20 percentage points, with rates starting from 3.84%.

23 Jan 2024

Nationwide cuts mortgage rates by up to 0.81%

Effective from tomorrow, Wednesday 24 January, Nationwide Building Society will be reducing selected rates by up to 0.81 percentage points and introducing a new range of fixed and tracker rate products with a £1,499 fee. These changes mean Nationwide’s rates start at 3.84% - its lowest level in eight months.

19 Jan 2024

The Mortgage Works continues to cut rates

On Saturday 20 January, The Mortgage Works (TMW) is reducing rates on products for new customers by up to 0.15 percentage points, with rates starting from 3.54%.

125 items found, showing page 1 of 11