News
25 Jan 2023
The Mortgage Works reduces buy-to-let rates
The Mortgage Works (TMW) will be reducing rates on selected products across its range by up to 0.50 percentage points from Thursday 26 January. These changes will see the headline two-year fixed product now below four per cent.
19 Jan 2023
Nationwide further reduces mortgage rates for new and existing borrowers
Nationwide Building Society is reducing rates across its mortgage range by up to 0.20 percentage points, effective from tomorrow, Friday 20 January.
19 Jan 2023
Consumer spending up in December despite concern around covering essential costs
- Nationwide Spending Report shows non-essential spending rises 9% year-on-year vs 8% for essentials
- Number of non-essential transactions was 8% higher compared to December last year
- New poll reveals cost-of-living concerns remain: 69% worried about finances and covering essential costs
- Non-essential spending growth driven by airline travel, holidays, eating & drinking out and clothing & shoes
- Essential spend sees supermarket spending up 11% and credit card repayments up 12% annually
- 22% have more outstanding credit card debt this January than 12 months previous
11 Jan 2023
Note to self: Cash usage rises for first time in 13-years amid cost of living crisis
- Rising cost of living sees cash usage increase 19 per cent in a year
- ATMs for more than cash withdrawals - half of transactions deposits or mini-statements
- Cash still king in capital as London tops UK ATM usage league
09 Jan 2023
Women half as likely as men to have identity stolen due to not oversharing personal details
- Just 11% of women have had their identity stolen compared to 23% of men
- Women more likely to protect social media but less likely to have friends they’ve never met and share details
- More than two thirds of people worried about having identity stolen while 17% have been victims
- 70% share personal details on social media profiles and 22% of profiles can be viewed by anyone
- 7% never check bank statements for suspicious transactions and 24% never check credit files
05 Jan 2023
Nationwide further reduces mortgage rates
Nationwide Building Society is reducing rates across its mortgage range by up to 0.60 percentage points, effective from tomorrow, Friday 6 January.
21 Dec 2022
All wrapped up: Four in ten households to put heating on all day as a special Christmas treat
- 38% of people will have heating on all day December 25 compared to just 15% for New Year’s Day
- Households expect to pay average £212.40 more on energy bills this December versus 2021
- 60% of households have heating on less than four hours a day as temperatures plummet
- Nationwide urges members struggling financially to contact its dedicated cost-of-living helpline
20 Dec 2022
The Mortgage Works reduces rates on switcher products
The Mortgage Works (TMW) will be reducing rates on one, two, three and five-year fixed rate buy-to-let switcher mortgage products by up to 0.40 percentage points from Wednesday 21 December.
16 Dec 2022
November spending stays strong as cost of living fails to thwart Brits from gearing up for Christmas
- Nationwide Spending Report shows essential spending rises 9% year-on-year vs 8% for non-essentials
- Black Friday accounts for c5% of total number of transactions and c7% of total spend in November
- Transactions made in discount stores up 10% on October (total spend up 27% month-on-month)
- Clothing & shoes and health & beauty see biggest monthly growth for discretionary spending
- But spending fell on eating and drinking out as more stay home for warmth and World Cup
13 Dec 2022
Nationwide further reduces switcher mortgage rates
On Wednesday 14 December, Nationwide Building Society will, once again, be reducing rates on selected five and ten-year fixed rate switcher mortgage products.
09 Dec 2022
Product update - Fixed rate online bonds
Nationwide Building Society is launching new issues of its Fixed Rate Online Bonds on Friday 9 December.
08 Dec 2022
Nationwide cuts mortgage rates
Nationwide Building Society will be reducing selected two, three and five-year fixed rate mortgages at 60% and 75% Loan-to-Value (LTV) by up to 0.30 percentage points from tomorrow, Friday 9 December.