News

• Brits' social lives back on track as spend increases 49% from Feb 2021 to Feb 2025 

• Holidays see biggest spend increase, followed by travel, leisure and childcare  

• Spending dips recorded across dating, DIY, general retailers and discount stores 

• Rate reductions on selected products between 80% and 95% Loan-to-Value for first-time buyers, home movers and those looking to remortgage
• Nationwide now offering sub-5% rates for first-time buyers and home movers at 95% LTV
• Nationwide also introducing a range of new £1,499 fee¹ products at 90% and 95% Loan-to-Value

Nationwide is launching a new children’s savings accounts aimed at helping parents or those with parental responsibility save for their children’s future and build healthy financial habits that will last a lifetime.

• Guides support customers needing accessible communications, such as those with learning disabilities
• Aims to support day-to-day banking needs by making information easier to understand
• Forms part of Nationwide’s efforts to make banking more accessible for all and follows recent rollout of Speak Easy across branches

Nationwide is today (Monday 17 March) making two changes to its mortgage criteria as it looks to increase its support for more borrowers.

On Saturday 15 March, The Mortgage Works will be reducing rates by up to 0.30 percentage points across selected buy-to-let products for new customers with rates starting from 3.24%.

Nationwide Building Society is today (14 March 2025) launching Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate Cash ISAs paying increased rates.

• Over 12 million eligible members will receive £50 each in a one off ‘Big Nationwide Thank You’
• Nationwide’s financial strength, which its members helped build, allowed it to acquire Virgin Money
• Latest way Nationwide is showing its mutual difference by returning greater value to its members
• Nationwide also hopes to announce an additional 2025 Fairer Share Payment in May, depending on financial performance

From 31 March 2025, Nationwide will withdraw its current market leading¹ switching incentive², which pays £175 to those switching their current account.

• For existing customers switching to a new deal and new customers remortgaging, rates start from 3.99%

The Mortgage Works will be reducing rates by up to 0.35 percentage points across selected buy-to-let products for existing customers with the new rates effective from tomorrow, Thursday 27 February.

Youth homelessness in the South West has increased 58 per cent in the past year, compared to a 10% national average increase, new data from national charity Centrepoint reveals.