News

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.

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%.

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.

• Nearly 6 in 10 don’t know or aren’t sure how to check if a travel agent, tour operator or holiday booking are legit
• Nearly a third of people would rush into booking a break without checking if they spotted a great deal
• 14% use social media sites to book holidays and 9% have booked a holiday after an influencer has posted
• Nationwide’s Scam Checker Service protects people who are unsure about making a purchase by assessing it

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%.

• Britain’s biggest building society joins Safe Spaces initiative.
• Poll shows impact of abuse, with 24% having experienced it[1] ; over 1 in 4 suffered financial abuse.
• Nationwide values face-to-face service and promises to keep all branches open until at least 2026.

On Wednesday 17 January, The Mortgage Works (TMW) is reducing rates on products for new and existing customers by up to 1.20 percentage points, with rates starting from 3.69%.

• 84% say this January is the toughest yet as the cost-of-living crisis enters third year, poll reveals 
• Week commencing 15th is set to be the most painful as UK await first pay packet  
• 46% more likely to seek financial support in 2024 as many expect to reach a ‘tipping point’ 
• 26% would rather receive advice in person than online, with 26% saying it makes them feel more reassured 
• Nationwide commits to face-to-face service: everywhere it has a branch, it will still be there until at least 2026. 

Nationwide Building Society is today (12 January 2024) launching new issues of its Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs. 

• Despite a population of around 18,000, Nationwide is the last financial services provider in Sandbach
• Nationwide reiterates Branch Promise that everywhere it has a branch it will remain until at least 2026
• Sandbach branch has been proudly on the high street since 1969 – the same year as the moon landing
• More than three quarters (77%) of people value or depend on branches, research from Nationwide shows

• Cash usage rises for second year in a row with 31.4 million withdrawals made from Nationwide ATMs last year
• Competitor branch closures see average ATM usage increase 55% in towns where Nationwide is last branch in town
• Nationwide ATMs in Twickenham, Redruth and Purley see respective rises in withdrawals of 154%, 144% and 92%
• ATMs not just for withdrawals as nearly half of transactions for services such as mini-statements or paying bills

• Nationwide team joined by old friends from when the branch first opened
• Local councillor George Jabbour attends to mark the occasion and share a mince pie or two
• Average house price when branch first opened was just £28,175