News

• Black Friday transactions to be 9 per cent higher than 2023 with Brits expecting to spend average of £278
• Nationwide members predicted to spend £233K per minute on the day, an uplift of 12 per cent versus last year
• Research shows over 80% of people plan to take part in Black Friday and 1 in 3 return up to 5 items each year
• Live data: Consumer spending data (payments and fraud) to be available for media on Black Friday. Spokespeople will be available for interview throughout the day

• Nationwide’s research unwraps generational spending trends on Christmas presents  

• Research shows 42 per cent would consider reducing their spend on presents in favour of charities 

• 60 per cent of Gen Z would swap spending on gifts for donation compared to 28 per cent of Baby Boomers 

• Forms part of a partnership with Action for Children’s Secret Santa campaign – get involved here  

• Mild summer leaves Brits desperate for winter sun as 83% looking overseas for their next holiday
• Nationwide’s Spending Report sees essential costs maintained as non-essential costs fall 4% in September
• Mortgage (17%) and rent payments (19%) increase year on year as Brits continue to deal with higher interest rates
• Start of new school year sees explosion in childcare and education costs as kids head back to classrooms

• December and January peak months for overdraft use due to festive spend, new research from Nationwide shows
• Nationwide introduces £50 interest-free overdraft buffer in time for Christmas
• Takes sting out of dipping into overdraft, with 1 in 4 Nationwide customers going into red by £50 or less each month
• Brits spend 12 days a month in overdraft with top reasons being overspending and higher than normal bills

Nationwide Building Society is today (24 October 2024) launching new issues of its Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate Cash ISAs. 

• Nationwide urges people impacted by dementia to seek support by visiting in-branch dementia clinics 
• Women book seven in ten branch appointments as they continue to fulfil majority of caregiving responsibilities 
• Northern regions see highest demand for dementia clinics followed by central England 
• Nationwide research shows 17% of carers cut back on groceries and essentials due to financial impact of dementia 
• Heartwarming videos show how Admiral Nurses helped ex-newsreader John Suchet and young carer Lizzie Perry 

• Nationwide incentivises energy efficiency by increasing max loan size on Green Additional Borrowing to £20k
• Customers can now apply for enhanced green borrowing as soon as their mortgage has completed
• Comes as Nationwide publishes new report highlighting ways to encourage home decarbonisation
• Nationwide urges government to do more to encourage retrofitting through education, incentives & grants

• 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.