News

• Society’s new cloud native Speed Layer provides a near real time data cache improving speed, resilience and security
• This technology will enable the Society to quickly deploy new products and services
• Developed in partnership with Publicis Sapient the Speed Layer is already supporting more than 24 million weekly app log ins

• Two-thirds (66%) of homeowners over 50 worry about covering the costs of care
• Almost half (46%) expect to have to sell their house to afford to live in a care home
• Eight in ten (81%) plan to dip into savings for age-proofing home improvements
• 75% of those in West Midlands worried about care home costs vs 60% in London
• Nationwide offers free consultations on borrowing to cover costs of later life care

• Nationwide strikes three-year deal to help Irish Football Association expand successful Back in the Game campaign
• Initiative seeks to encourage the use of football as a tool to provide long term opportunities for men and women from 35 years and up
• Partnership comes as 71% of people surveyed say disrespect in UK has grown over last two years
• Nationwide pledges to help Irish FA push campaign across Northern Ireland

• Nationwide strikes three-year deal to help The FA expand successful Respect campaign
• Initiative seeks to ensure a positive and enjoyable football environment for young people by promoting respect between players, coaches, referees and spectators
• Partnership comes as 71% of Brits say disrespect in UK has grown over last two years
• Nationwide pledges to help The FA engage 1m parents and coaches
• Jordan Pickford and John Barnes surprise grassroots club to help launch partnership

• Nationwide strikes three-year deal to help the Scottish FA launch ‘Positive Play’ campaign
• Initiative seeks to encourage the positive learning in football for young people and clubs using football as a tool
• Partnership comes as 71% of Brits say disrespect in UK has grown over last two years
• Nationwide pledges to help Scottish FA push campaign across Scotland

• Nationwide strikes three-year deal to support The FA of Wales (FAW) successful Fair Play initiative
• Initiative seeks to encourage players and their clubs to show mutual respect and fair play in The FAW’s National Leagues
• Partnership comes as 71% of people in the UK say disrespect has grown over last two years

• Apple Business Chat enables members to securely message Nationwide directly via the Messages app on Apple devices
• More than 14,000 conversations with members have been held via the service since 23 April
• Powered by global conversational solutions provider, LivePerson, new service gives members a direct line to Nationwide experts to help with a range of queries

• Society processing nearly a third more first-time buyer mortgages at 90% LTV than last year
• Decisions in Principle on-line have more than tripled year on year
• Nationwide one of only main lenders currently offering 90% LTV loans with unrestricted volumes
• Society issues rallying call for other lenders to support first-time buyers and re-enter 90% LTV market

• Nationwide customer data shows 46% drop in holiday spend compared to last year with research showing 44% have abandoned travel plans due to impact of Covid-19
• 32% will enjoy UK staycations, aiming to spend average of £480 boosting local economies
• A fifth use money saved during lockdown to treat themselves to a well-deserved break
• Analysis of Nationwide data shows spike in holiday transactions since lockdown eased

• Huge mortgage demand, processing a third more per day compared to pre-Covid
• Helping 1 in 4 first time buyers as only mainstream lender offering 90% LTV loans with no restriction on volumes
• Society temporarily limits lending to new self-employed borrowers to max 75% LTV
• Reassurance that fully gifted deposits permitted on loans up to 85% LTV

• Quarterly poll of Nationwide members reveals 14 percent drop in financial security
• Optimism about future job prospects also falls by 11 percent since crisis began
• Nationwide offers grants of £10,000-£50,000 to support local UK housing projects
• ‘I stopped eating to pay my rent’: housing support directed to those most in need

The results of the voting at Nationwide Building Society's Annual General Meeting (AGM) held today, Thursday 16 July 2020, at Nationwide House, Pipers Way, Swindon, SN38 1NW are detailed below.