News

From tomorrow Friday 14 February, The Mortgage Works will be reducing rates by up to 0.50 percentage points across its Limited Company range for new and existing customers.  

• Nationwide also reducing selected rates for new and existing customers looking to move home

• Research from Nationwide finds that 43% of Brits considered going away without travel insurance
• Top ten risky activities include watersports, skiing, quad biking, bungee jumping and skydiving
• £1.2k average cost of a declined claim– with 76% declined due to undeclared condition or no upgrade
• People aged 35-44 most likely to travel without travel insurance, with those aged 18-24 least likely

• 36% of people admitted telling white lies about themselves, poll from Nationwide reveals
• Top 10 fibs include old and edited photos, exaggerating salary, musical tastes and height
• But just over 1 in 10 (11%) not confident they could spot a romance scam while 44% would ignore red flags when meeting up with someone they met online
• Nationwide reveals the scammer behaviours to look out for this Valentine’s Day
• Members worried about a potential scam can use Nationwide’s Scam Checker Service

Nationwide is today pleased to announce the appointment of two new members to its Intermediary Relationships team. As Nationwide continues to strengthen its position in the intermediary sector.

• Cash usage rises for third year in a row with nearly 33 million withdrawals made from Nationwide ATMs last year
• Withdrawals by non-Nationwide customers up 16 per cent- highlighting impact of bank branch and ATM closures
• ATMs not just for withdrawals as nearly half of transactions including mini-statements or paying bills
• Nationwide ATMs in Chiswick, Shotton and Fakenham see biggest rises in withdrawals

• January 2025 debt set to be highest on record while higher energy costs and tax returns will pile on more pressure
• Nationwide data shows debt repayments 4% higher this year vs 2023 as people borrowed more ahead of Christmas
• Debt has risen since the pandemic: customers repaid £796m of debt in January 2024 – 43% more than 2021
• But not all doom and gloom as Brits prepare to banish January blues by booking holidays in the New Year
• Nationwide urges those struggling financially to get in touch with their bank or building society for support

Nationwide has announced adjustments to savings rates in response to the Bank of England Bank Rate decrease of 0.25% on 7 November. Rates affected will change as of 1 February 2025.

• Nationwide’s gambling block and industry partnerships aimed at tackling problem gambling
• Nationwide first to join Gambling Harm Actions Lab to enhance gambling support for customers
• 11% of gamblers bet daily, 28% hide their habit and 4% have lost more than £1k on a single bet, poll shows
• But research also highlights one in five would refuse to seek help if their gambling became an issue
• Younger people most likely to bet daily, spend the most, and more likely to hide their gambling

Nationwide is today (13 December 2024) launching new issues of its Triple Access and Flex Instant Access accounts.

• Average household spending over £600 per month on childcare but a third considering giving up work
• Cost of childcare rated as ‘expensive’ by 79% of respondents with just 16% saying costs are ‘about right’
• 60 per cent say that the cost of childcare has put them off having any further children
• Research found that children are attending a childcare setting on average 3.5 days per week