News

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24 Nov 2019

Brits expected to spend big on black Friday but four in ten will return impulse buys within days

  • Nationwide members predicted to collectively spend over £125,000 a minute on Black Friday
  • Mobile Bank logins up a 20 per cent compared to regular Friday as shoppers check balances
  • Brits spend more instore than online, but average online transaction is nearly double (£48 vs £25)
  • But poll shows a fifth regret their impulse purchases and end up returning items just days later

20 Nov 2019

Rate reductions on Nationwide's fixed rate mortgages

Nationwide Building Society is, from Wednesday 20 November, reducing rates on selected two, three and five-year fixed rate mortgages available up to 60% LTV by up to 0.15%, as well as reducing ten-year fixed rates by up to 1.10%.

18 Nov 2019

House-share from hell: Brits reveal lack of sharing leads to housemate squabbles

  • Four in five Brits admit to disagreements with housemates
  • Cleaning and bills key causes of arguments, according to new poll
  • People choose to live together due to financial difficulty of living alone
  • One in three pay more than their fair share, adding extra £339 per year
  • Quarter have even lost a friend due to a household disagreement

28 Oct 2019

Nationwide ‘Switchd’ on to helping people get better energy deals

Nationwide Building Society is today announcing that it will invest in Switchd, a company that automatically switches people’s energy supplier to ensure they are always on the best deal. 

16 Oct 2019

Nationwide revamps savings range

  • Society launches new Member Exclusive Bond to reward existing members – the first of new limited-time offers with higher rates
  • Competitive range of products for both new and existing members, including launch of simple new accounts
  • Simplified range designed to make choosing the right account easier by offering a clear relationship between rate and access

09 Oct 2019

Spend like a rockstar: Brits blow quarter of spare cash within 48 hours of payday

  • 1 in 5 spend over half their spare monthly wages within 48 hours of getting paid
  • Impulse purchases soar after payday, leaving 59 per cent with spending regrets
  • 6 in 10 have less than £100 in their accounts before they get paid 
  • 15 per cent have no money at the end of the month, with funds running out 6 days before payday
  • More than half dip into savings to sustain themselves until payday

23 Sep 2019

Fastest rise in Empty Homes since Recession

  • Action on Empty Homes and Nationwide Building Society call for targeted national investment to bring homes back into circulation to help reduce the housing crisis 
  • Empty homes in England increase by 5% (11,000) – double the rise of previous year
  • Now more than 200,000 empty homes across the country after second year-on-year rise

18 Sep 2019

Nationwide launches soft credit footprint and improvised case tracking tool for mortgage applications

  • Decision In Principle no longer leaves hard footprint on customer credit score
  • Updates to broker system to provide greater range of information and reduce calls

17 Sep 2019

Nationwide helps do it yourself landlords get in right with investment in Bunk

Nationwide Building Society today announces its latest venturing fund investment in Bunk, a digital lettings agency. 

16 Sep 2019

Downsizing snub as half of older Brits refuse to move

  • Only a third of over 55 year olds plan to move to a smaller house, shows Nationwide poll 
  • More than half see their current property as their forever home  
  • Four in ten haven’t thought or don’t know about how they will cope with their home in retirement
  • But more than one in five say they will rely on family to help them with the upkeep of their home

02 Sep 2019

Nationwide announces Non-Executive Director changes

After more than eight years on the board, Lynne Peacock, Senior Independent Director and Chair of the Remuneration Committee, will retire from Nationwide at the end of 2019.

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