News

• 33 funds available in the Model Portfolio, carefully selected by Nationwide’s investment experts
• Those investing into Model Portfolio must put in at least £40,000
• Model Portfolio will work to achieve higher returns than inflation and deposit accounts
• Forms part of Society’s wider investment offering, which is offered via Aegon

On Friday 11 June 2021, Nationwide will be launching a new two-year Fixed Rate ISA and Fixed Rate Bond, while also launching new issues of the Society’s one-year fixed rate products and 1 Year Triple Access Online Saver.

• More than half of Brits plan to attend at least one big event post-lockdown, poll shows
• Average person to spend £65 each on tickets, plus additional £103 on other expenses
• Nearly eight in 10 buy tickets online, but two-thirds worry about risk of online fraud
• Stronger security measures for cards requires customers to keep contact details up-to-date
• Former footballer Teddy Sheringham comments about fans wanting to get back into stadiums

• Two-year fixed rate at 60% LTV at 0.99% - available for remortgage with £1,499 fee
• Selected first-time buyer and homeowner rates reduced by up 0.20%
• Follows launch of Society’s lowest ever further advance rate: 0.75% for Green Additional Borrowing

Nationwide, the world’s largest Building Society, has been named as winners of the Best Family Network award by work-life balance charity Working Families

• Member Prize Draw runs monthly for a year with members sharing £1m in each draw
• 8,008 chances to win each month with a top prize of £100k, 2 x £25k, 5 x £10k and 8,000 x £100
• Eligible members with a Nationwide mortgage, savings or current account automatically entered
• First draw takes place in September, although members can simply opt out if they wish to
• Nationwide’s latest offering showcases benefits of a building society by rewarding membership
• Member Prize Draw builds on success of Nationwide’s recent savings-focused prize draws

• Research from UK Consumer Insight Panel shows lockdown has flipped nation’s priorities
• UK optimism rises, but caution leads to households prioritising savings over spending
• Despite savings made by many, 1 in 4 households see savings reduce because of Covid
• More people shunning ‘live for today’ mantra than endorsing it for the first time in 22 years
• Panel outlines trends they are seeing, from rising footfall and optimism to worries about finances
• Call for government and business to encourage smarter spending that supports a green recovery, wellbeing for lowest earners and champions safety for consumers

• Nationwide’s Community Grants Programme now accepting applications from charities and projects helping solve housing issues across UK
• Successful applicants are awarded grants ranging from £10,000 to £50,000, decided on by Nationwide’s Community Boards comprised of Nationwide members and employees
• Nationwide pledges to make £22m grant funding available to housing charities and organisations by 2023

• Nationwide largest lender to relaunch 95% LTV loans outside Mortgage Guarantee Scheme
• Market-leading rates from 3.49% with all products under 4% for first-time buyers and home movers
• Available via brokers and direct through Nationwide to help those struggling to save a deposit
• Follows launch of Helping Hand up to 90% LTV allowing FTB option to borrow up to 5.5x income

• Nationwide has partnered with Form3 to use their platform to help deliver the Society’s future payments strategy
• The Society’s members will be amongst the first in the UK to benefit from the cloud-native technology Form3 uses to process payments

• Private rented sector (PRS) in retreat pre-pandemic after a long period of expansion
• Pandemic prompting more people to consider a move, particularly private renters
• Pandemic likely to shape pattern of economic activity and housing demand in years ahead, including private rental sector

• Nationwide Spending Report shows Q1 essential and discretionary spend down year on year
• Essential spending down 3.4% while non-essential spending reduces 14.9%
• Brits spending more on emotional connections vs 2020 – from dating to gardening and pets
• Department store spending also soars as people continue to order from comfort of their home
• Spend via mobile payments jumps by 47% due to lower cash usage; credit card spend falls 23%