News

• Price premium for greener rental homes higher than for owner occupiers, reveals The Mortgage Works’ buy-to-let report
• Rental income can be improved by up to 7% - around £70 per month on typical English property
• North of England attracts biggest house price premium – up to 15% - with rental income up by 8%
• London landlords could see a rental premium of up to 12%, while house prices could be boosted by up to 11.4%
• Comes as The Mortgage Works calls on government to give landlords more support to meet 2030 EPC deadline

• One in four (29%) don’t think it’s worth reporting fraud or scams for losses under £100 
• 27% didn’t report fraud due to doubts about being refunded; 23% were too embarrassed 
• As one of only a few financial providers who have confirmed they will waive the £100 excess, Nationwide urges all victims to report fraud to stop criminals in their tracks

• Change made in response to broker feedback and will offer further flexibility to landlords who choose to finance their portfolio through a limited company

The Mortgage Works will be reducing rates by up to 0.55 percentage points across selected buy-to-let products for new and existing customers with the new rates effective from tomorrow, Thursday 3 October.

• Fourth advert continues Nationwide’s ‘A Good Way to Bank’ campaign, a year on since launch
• Renowned actor Dominic West is back as fictional rival bank boss, and this time we meet his daughter
• Campaign highlights the benefits of banking with a ‘modern mutual’

On Thursday 26 September, The Mortgage Works is reducing its rates by up to 0.35 percentage points across selected buy-to-let products for new customers, with rates starting from 3.49%. 

Nationwide Building Society is today (20 September 2024) launching new issues of its Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate Cash ISAs. 

Effective from tomorrow, Tuesday 24 September, Nationwide Building Society will be cutting rates on the vast majority of its fixed rate products by up to 0.31 percentage points.

• First major lender to offer first-time buyers ability to borrow six times income up to 95% Loan-to-Value
• Enables couple earning £50k to borrow £300k towards first home – c£75k more than standard lending
• Nationwide becomes first big lender to offer sub-5% rate at 95% LTV for first-time buyers as it cuts rates
• Nationwide also increases max loan sizes, including up to £750k between 90% and 95% Loan-to-Value
• “Putting first-time buyers first” the latest demonstration of the value of being a Nationwide member

• UK’s largest branch network rolls out ‘Speak Easy’, a custom-made set of printed cards with phrases and pictures, to support face-to-face interactions
• Nationwide first high-street banking provider to offer this type of dedicated support in branch for those with communication difficulties