News

On Thursday 12 May, The Mortgage Works (TMW) is reducing selected limited company buy to let rates by up to 0.55%.

• Strong Customer Authentication stops 2,000 more transactions a month falling prey to fraud
• More than two thirds are happy for payments to take a little longer if they are better protected
• More worry about losing bank card than data theft, despite nearly all online fraud relying on leaks
• 42% say SCA makes them feel safer and 27% say it makes them more likely to shop online

• 70% of hopeful homeowners delay purchases by average of nearly two years due to cost pressures
• 88% of prospective first-time buyers worried living costs are harming efforts to save deposits
• 48% reduce amount they save towards a deposit and 38% repurpose earmarked cash
• 69% willing to relocate to another part of the UK in order to get more for their money
• 65% say they need to buy with someone else to be able to afford a property
• Saving to move: 43% reduce socialising; 36% sell items and 12% shelve family plans
• Nationwide offers £500 cashback to first-time buyers who complete their mortgage with Society

• Society increases rates on its instant and limited access savings accounts
• Base Mortgage Rate (BMR) and Standard Mortgage Rate (SMR) increasing in line with Bank Rate

From today, Tuesday 26 April, The Mortgage Works (TMW) is increasing the maximum loan-to-value (LTV) on new build flats from 65% to 75%.

• Applications open for Community Grants of up to £50,000 to tackle housing and cost of living issues
• Nationwide research shows 85% of people are concerned about the rising cost of living
• £22 million funding to have been made available to charities and organisations by 2023

• Nationwide’s Spending Report tracked c217m credit, debit card & direct debit transactions made in March
• Overall spending up 16% vs February; non-essential spending (c£2.8bn) in March is highest so far in 2022
• Spending on charities was up 45% vs March 2021, with many supporting the humanitarian effort in Ukraine
• With rising petrol and diesel prices, spending on fuel and electric charging up 56% vs 12 months ago
• Credit card transactions up 29% versus March 2021 as more turn to credit to pay for goods and services
• Nationwide encourages people struggling financially to contact their bank or building society for support

• 42% say cost-of-living crisis has led to them monitoring spend more than ever before, poll shows
• Households attempt to shave costs as lights go out, heating goes off and people ‘make do and mend’
• 77% want to be more self-sufficient but 17% currently face a bleak decision to either ‘eat or heat’
• 29% can’t afford a full tank if fuel prices exceed £1.80 a litre – as diesel continues to hover above £1.70
• Nationwide, part of Green Homes Action Group, urges government to deliver a long-term solution to better protect households from volatile energy prices

• Society increases 1 Year Triple Access Online ISA to a highly competitive 0.80% AER/Tax-free
• New rate applies to all members in the current issue
• The 1 Year Triple Access Online Saver rate will also increase on the same day
• Nationwide is also increasing rates on its fixed rate bonds and ISAs

• £4.7m awarded to 94 UK charities for Nationwide’s 2022 Community Grants programme
• Grants ranging from £10,000 to £50,000, decided by Nationwide members and employees