News

Nationwide Building Society will be reducing two and three-year fixed rates at between 75% and 95% Loan to Value (LTV) by up to 0.17 percentage points from 17 September 2021

Nationwide is touring the UK in a specially kitted-out van that will give those not used to banking online a helping hand at a time digital transactions continue to soar.

• Brits are generous according to new research, with eight in ten prepared to share prize money with others
• Coincides with monthly £1 million Member Prize Draw with rewards ranging from £100 to £100k
• Three quarters more appreciative since pandemic, with more donating time and money to charity
• Eight in ten say companies should give back to customers and are more inclined to use those that do

Nationwide Building Society will be reducing selected fixed and tracker rates across its range by 0.40 percentage points from 3 September 2021 – a move that will see the Society launch its lowest ever mortgage for new lending, with rates starting from 0.87 per cent.

• More than a third of landlords lacking confidence they can improve their properties to EPC ‘C’
• Property constraints, access and disruption key challenges facing landlords to making changes
• Lack of finance also key issue; 14% will need to spend all their annual rental income, plus more
• TMW offers Green Further Advance at 1.49% - up to 50% lower than normal further advance rates

• 13 leaders from across the housing, construction, financial services and energy sectors call for urgent government action to create a long-term funded strategy to green homes
• Collective action and shared ambitions are essential to make progress on the issue of our time
• Seven critical areas identified which are necessary to unlock the action required to fully decarbonise UK’s homes by 2050

• Selected rates for first-time buyers and home movers from 80% LTV cut by up to 0.20%
• New rates ensures Society remains highly competitive for those with smaller deposits
• New market-leading shared equity rates with selected mortgages reduced by up to 0.34%

• £125 cash reward for existing members who switch their current account to the Society
• New members to the Society from another provider receive £100 reward
• Launch of Flex Instant Saver – new account exclusively for current account members
• Instant access account pays competitive 0.35%

• Student priorities shift away from meeting new people to choosing the right course and career planning
• Around two thirds of students change university plans as a result of the pandemic
• Nearly three quarters whose parents are impacted by the pandemic say they aren’t able to help them financially
• 84% of those funding themselves are worried about finding work
• 98% have a back-up plan to fund university life, from student loans to credit cards and financial support
• Nationwide’s FlexStudent account is the only fee free student current account in the market

• Society awarded by the Ministry of Defence for maintaining highest level of accreditation
• Scheme recognises those doing most to support defence and armed services community
• Nationwide one of the first financial services organisations to attain ‘Gold’ back in 2016

• Additional prize draw on 24 Jan 2022 as members ramp up savings in Start to Save accounts
• 2,756 savers won £100 in July draw with £275,600 prize pot
• Around 319,000 Start to Save accounts opened since launch – total savings more than £135m
• 144,000 members with less than £100 in savings previously now have more due to Start to Save
• Young people being encouraged to save as 18-39 year-olds account for around 47% of openings