News
27 Nov 2020
Nationwide expands access to 90% LTV to further support the housing market
- Lending at 90% LTV to include house purchases and existing mortgage members1 moving home
- More capacity created as Society remains only major lender to offer 90% LTV mortgages
- Society to also remove restriction on gifted deposits to further support first-time buyers
- Mutual hopes these changes will help even more people move into first or next home
23 Nov 2020
Nationwide predicts Black Friday transactions will be reduced by up to 20% due to second national lockdown
- Transactions expected to fall by up to 20% drop due to second national lockdown – the first year on year fall since Black Friday was introduced to the UK a decade ago
- Nationwide members still expected to collectively spend nearly £155,500 a minute
- Research reveals Brits will spend an average of £172 on Black Friday and £160 on Cyber Monday
- Many to regret impulse buys as a fifth confess to having returned purchases they made last year
- Live data: Consumer spending data to be available for media on Black Friday and Cyber Monday
18 Nov 2020
Nationwide will not leave any town until at least 2023 in pledge of support to members
- Nationwide backs branches with renewed promise to support UK’s communities
- Never been more important to support members through face-to-face service
17 Nov 2020
Nationwide launches the sunflower scheme and enhances support for members with hidden disabilities
- Sunflower Scheme enables members to self-identify where they may need additional support
- Launch of quiet hours in branches aimed at to helping those who may be sensitive to noise
- Visual guide of a branch available online to help members with autism prepare for their visit
- Comes after the Society was the first financial services provider to pilot the lanyard initiative
07 Nov 2020
University of strife: Money worries add to first-year student woes as COVID-19 continues
- Seven in ten undergraduates fear they won’t be able to get part-time work due to Covid
- More than half say they will be left with more debt if they can’t find work at university
- 38% expect to spend less this year as a result of the impact Covid will have on them
- New financial concern this year as 40% admit they don’t know how they’d pay Covid fines
- Nationwide FlexStudent rated one of the UK’s best student current accounts for 2020
04 Nov 2020
Nationwide sees peak in spending as lockdown looms
With the impending lockdown, Nationwide has been seeing a peak in spending
27 Oct 2020
62,400 savers pass £100 goal as prize draw encourages people to start a savings habit
- Start to Save prize fund nearly doubles as twice as many hit threshold for second prize draw
- 137,000 Start to Save accounts opened by end of September - up 90k since end of April
- Prize fund stood at £89,700 with one in 37 chance of winning, equating to 897 winners
26 Oct 2020
Fears of further COVID-19 panic buying dampened as supermarket spending remains stable
- Ratcheting up of lockdown measures hasn’t seen another surge in supermarket spending
- Total spend across supermarkets (10 Aug – 4 Oct) up by 23% on same period in 2019
- Spend in supermarkets up 10% against earlier in 2020 but without weekly spikes
- London sees biggest increases in spend: six times more than Scotland and Northern Ireland
- Eat Out to Help Out data shows spend fell except on Fridays and Saturdays in 4 weeks after it ended
14 Oct 2020
Nationwide's Ada Lovelace event aims to inspire next generation of tech-leaders
- Britain’s biggest building society today hosts its fifth Ada Lovelace event at 6pm
- Students invited to join virtual workshops aimed at opening eyes to careers in technology
- Over 200 people signed up but registration spaces still available - register here
23 Sep 2020
Older people to face steep costs for future-proofing homes
- 80% of homeowners aged over 50 willing to improve and adapt home to live independently for longer
- Half (51%) of those expecting to make changes in their home expect to spend £5,000 or more on the improvements
- Cost of age-proofing home is £6,507, slightly less than the annual state pension
- Nationwide offers free consultations on borrowing to pay for future-proofing homes
14 Sep 2020
Note to Self: Brits using cash machines to save rather than spend, new data shows
- In 2019 nearly two thirds of multi-use ATMs saw more cash deposited than withdrawn; rising to more than nine in ten in 2020
- 2020 first year where non-cash usage has outweighed number of cash withdrawals
- Cash still king in Capital as east London market towns top ATM usage league