News

• Society increases maximum Loan-to-Value available through Helping Hand mortgage to 95 per cent
• Helping Hand enables first-time buyers to borrow up to 5.5x income when taking 5 or 10-year mortgage
• Affordability boosted by 20% with a couple earning £50,000 able to borrow maximum of £275,000
• Helping Hand boost comes as affordability continues to be a major housing hurdle for many

• Point at which households will consider acting drops by more than £10 in less than a year, poll shows
• 69% plan to make their homes more energy efficient, while 45% have begun making some changes
• Around eight in ten more inclined to improve their home’s energy efficiency than six months ago
• But while people plan to make green home improvements, confusion over the process remains
• Society says “time to act” on greening our homes is now – but support is desperately needed

A cross-industry sustainability group has called on the government to deliver a long-term solution to better protect households from volatile energy prices, following today’s rise in the energy price cap, after months of soaring energy bills.

• BMR and SMR increasing by 0.25% in line with Bank Rate from 1 March 
• Tracker mortgages for existing members will increase by 0.25% as outlined in contracts from 1 March 

• Society increases rates by at least 0.15% on regular savings, children and loyalty accounts
• Flex Regular Saver continues to offer highly competitive rate – now 2.50%

• One in three landlords have considered selling rental properties due to loss of mortgage interest tax relief
• Quarter of landlords raising rents to cover extra tax burden - adding to pressure of rising living costs
• Half of landlords struggling to keep up with changes and want more support post-pandemic
• The Landlord Works is a tool that enables landlords to manage their portfolios for free online

• Nationwide invests in Wakefield site for the benefit of colleagues following its new ways of working announcement
• Nationwide responds to colleague demand for flexible working by creating space for collaboration and hotdesking

Nationwide Building Society’s highly-rated1 FlexPlus account is moving to the AA for its breakdown cover from 1 March 2022.  

• Society making changes to rates across fixed and tracker mortgage range from 6 January
• BMR and SMR increasing by 0.15% in line with Bank Rate from 1 February

• Low stock on must-have items forces Brits to snap up items as soon as they are spotted
• One in eight would rush into a purchase this year even if it looked too good to be true
• More than one in ten have been duped yet one in three say they’ll never be scammed
• Nationwide data suggests those aged between 21 and 30 most susceptible to purchase scams
• Two-thirds store details on websites, but one in eight don’t know how many their details are on

• Limited Company rates reduced by up to 0.20% and no fee products added to the range
• New 10-year fixed buy to let mortgage launched

• Society to allow remortgage lending with additional borrowing at 90% LTV
• Maximum LTV for further advances and Green Additional Borrowing also increased to 90% LTV