Product news

Effective from tomorrow, Friday 1 December, Nationwide Building Society will be reducing switcher rates by up to 0.31 percentage points across its two, three and five-year fixed rate products up to 95% LTV.

On Tuesday 28 November, The Mortgage Works (TMW) is reducing rates by up to 0.30 percentage points across its Limited Company and HMO range for new customers.

Over the course of Black Friday, Nationwide members made 9.92 million transactions – 12 per cent higher than a typical Friday.

By 5pm today, Nationwide members had made 6.66 million transactions – 11 per cent higher than a typical Friday.

By 2pm today, Nationwide members had made 4.69 million transactions – 12 per cent higher than a typical Friday.

By 12pm today, Nationwide customers had made 3.22 million transactions – 14 per cent higher than a typical Friday.

By 9am this morning, Nationwide customers have made 1.49 million transactions - 15 per cent higher than a typical Friday.

Effective from tomorrow, Thursday 23 November, Nationwide Building Society will be reducing rates by up to 0.43 percentage points across its two, three, five and ten-year fixed rate and two-year tracker product range, with Nationwide’s lowest rate now standing at 4.43%.

Nationwide Building Society is today (22 November 2023) launching new issues of its Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs.

• FlexOne Saver pays competitive 5% and is available to 11 to 17-year olds with FlexOne current account
• New savings account allows young customers to save up to £5,000
• Nationwide also increases rate on its off-sale FlexOne Regular Saver account to 5%

• Black Friday spending forecast to be 5% higher than 2022 with Brits expecting to spend average of £261
• Nearly six in 10 will use Black Friday for spreading cost of Christmas or buying essential during cost-of-living crisis
• Nationwide members predicted to spend more than £222K per minute on the day
• But nearly a quarter regret impulse purchases they make on the day
• Live data: Consumer spending data to be available for media on Black Friday

• Nationwide calls for measures to help first-time buyers and savers ahead of Autumn Statement
• Key asks include market-wide review, reintroduction of Help to Buy ISA and increase in Personal Savings Allowance threshold