News

• One in four willing to take more financial risks during cost-of-living crisis
• Six in ten would agree to invest if they were told they could double their money in a year
• Nationwide data shows investment scams accounted for 36% of all cases in 2022, with £5K average claim
• Society data shows South East investment scam hot spots – Kent, London, Essex – recorded most victims
• Nationwide urges members to contact its dedicated Scam Checker Service if in any doubt about an investment

• Nationwide Spending Report shows essential spending was 43% higher than non-essential spending in March
• Non-essential spend remains high as inflation keeps costs up; 6% up year on year
• Despite cost-of-living concerns, more than a quarter admit they will still prioritise spending on holidays
• Poll reveals 67% worried about current state of finances & ability to cover essentials – up from 63% last month
• Nationwide’s data shows 91% of debit card transactions under £100 in store are done by contactless

The Mortgage Works (TMW) will be reducing rates on selected products across its range by up to 0.50 percentage points from Wednesday 19 April.

Nationwide Building Society is reducing selected fixed rates at 90% and 95% LTV by up to 0.20 percentage points and switcher rates by up to 0.30 percentage points, effective from tomorrow, Friday 14 April.

Following the 0.25% increase in the Bank of England Bank Rate on Thursday 23 March, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.25%.

Nationwide Building Society is today announcing increases across a range of variable rate savings accounts. The changes, effective from 1 April 2023, will see the Society increasing rates by up to 0.50 per cent. 

• Nationwide reopens branch in Sheffield with modern refurbishment  
• Redesigned branch offers more space and community areas for members  
• Provides easy access to Society’s high-definition video link to specialist advisors  

The Mortgage Works (TMW) is tomorrow (30 March 2023) launching a new 55% Loan-to-value (LTV) buy-to-let range for new and existing customers, covering house purchases and remortgages.

• Nationwide reopens branch in Cabot Circus with modern refurbishment  
• Redesigned branch offers more space and community areas for members  
• Provides easy access to Society’s high-definition video link to specialist advisors  

• Nationwide’s Spending Report: essential spending up 12% year-on-year and non-essential spending up 9%
• Number of transactions made this February up 10% compared to the year before
• Separate poll reveals 38% used credit cards in last 6 months to cover essential items to make it to next payday
• 63% worried about current state of finances and ability to cover essentials – down 7% on last month
• Subscription spending continues to decline with 23% having reduced or cancelled TV subscriptions

Nationwide Building Society is reducing rates across its fixed and tracker mortgage range by up to 0.45 percentage points, effective from tomorrow, Friday 24 March.

On Friday 17 March, Nationwide Building Society will be launching new one and two-year Fixed Rate ISAs.