News

• Nationwide – one of the UK’s biggest banking providers - looks at customer spending during UEFA Euro 2024 tournament
• Current account and credit card spend in Germany jumps 140% as England and Scotland fans cheer on their teams
• Game of two halves as UK supermarket spend up 9% and pub spend down 1% as many opt to watch the game at home
• Nationwide FlexPlus current account and Member Credit Card charge no fees for overseas purchases or withdrawals

Nationwide has today launched Fairer Futures – a three-year programme to tackle some of the biggest issues affecting society and support people who have been dealt an unfair hand.

• The Mortgage Works provides broker support for day-to-day interactions with portfolio landlords 
• Available for all brokers to use regardless of which lender the landlord’s mortgages are with 

• Over 1 in 3 young people affected by fake ticket scams or know someone who has been conned
• Taylor Swift and Euros have accounted for nearly 4 in 10 fake ticket purchases
• Consumers lose nearly £400 (avg loss £394) according to Nationwide data
• Around a third of event ticket scams originate on social media
• Nationwide provides tips for fans while its Scam Checker Service offers protection on purchases

• Nationwide’s Spending Report shows rise in essential costs (+1%) and non-essential costs (+2%) in April
• Spend on repaying debt rose 25% while the number of transactions for debt repayment jumped 14%
• Sharp rise in housing costs partially offset by falls in spending on utilities and supermarket shopping
• Spending on catalogues increase 12% as Brits look to spread the cost of purchases

• 59% of parents place personal finance above maths and digital skills – second only to literacy
• Despite 96% saying personal finance education is important, 84% say their child hasn’t received any
• Comes as Nationwide reaches 100,000 schoolchildren with its Money Lessons programme

• Launch of Member Exclusive Bond for all existing members, with competitive rate of 5.5 per cent
• New Fairer Share Payment sees £385m shared among eligible current account members with a savings account or a mortgage
• £200 member exclusive online current account switching incentive

• Doubling of loan size reflects impact of inflation and external pressures on rising costs impacting consumers 
• Construction industry figures point to a further 15 per cent rise in costs over next 5 years, from materials to labour 
• Nationwide research reveals 44% of people plan to make home improvements over the Bank Holiday weekend 
• More than one in three customers taking out a Nationwide personal loan over £20,000 do so for home improvements  

• All age groups concerned by rate of branch closures, new Nationwide research reveals
• Half (50%) of 16-24s frustrated to find branches closed when they needed them
• Further proof branches are needed - seven in ten consumers value branches (70%)
• Nationwide recently extended its Branch Promise until at least the start of 2028

From today The Mortgage Works (TMW) will be changing its mortgage criteria for incorporated landlords.  

It will accept Limited Company purchase applications to use as a buy to let where the company is purchasing a property that is currently owned and lived in by one of its directors. 

• Nationwide’s Spending Report shows essential costs fell 4% in March despite overall spending remaining flat
• But increase offset by 4% rise in non-essential spending, from gardening and eating out to holidays
• Warmer weather, combined with stabilising costs, likely contributed to respective rise and fall in spend
• Despite some optimism, costs still higher across essential areas such as supermarkets, rent and mortgages