Product news

Nationwide Building Society will be reducing selected two, three and five-year fixed and two-year tracker mortgage rates by up to 0.30 percentage points from tomorrow, Wednesday 23 November.

• Black Friday spending set to be 7% higher than last year, with World Cup boosting forecast
• Nationwide members predicted to spend more than £222K per minute on Black Friday
• Many will use Black Friday offers to help spread the cost of Christmas and things they need
• Nearly a third regret impulse purchases they make on the day
• Live data: Consumer spending data to be available for media on Black Friday

• Nationwide Spending Report shows essential spending rises 10% year-on-year vs 6% for non-essentials
• Overall spend up 6% year-on-year as cost of living rises – matching September’s growth
• Despite annual increase, utilities and bills down 4% vs September as government discount kicked in
• Monthly report provides overview of c230 million debit card, credit card and Direct Debit transactions

Nationwide Building Society is today announcing further rate increases on all of its off-sale variable rate savings accounts. The changes, effective from 1 December 2022, will see the Society increasing rates by up to 1.50 per cent.

On Friday 11 November, The Mortgage Works (TMW) will reduce selected fixed buy to let and limited company buy to let rates by up to 0.95% and will introduce new two year tracker products.

From tomorrow, Friday 11 November, Nationwide Building Society will reduce selected two, three, five and ten-year fixed and two-year tracker products by up to 0.70 per cent across all LTVs.

Following the 0.75% increase in the Bank of England Bank Rate on Thursday 3 November, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.75%.