News

Nationwide Building Society will be reducing selected mortgage rates by up to 0.30 per cent effective from Wednesday 10 February.

The Mortgage Works (TMW), the specialist buy to let arm of Nationwide Building Society is launching new limited company mortgages on Thursday 28 January that now come with legal fees and a valuation included.

• Additional prize draws on 21 July and 21 October – offering more chances for members to win
• January prize draw saw 1,304 people win from a prize fund of £130,400 – odds of 1 in 36
• Nearly a third of accounts opened by end of April 2020 made it into all three prize draws to date
• 86,090 Start to Save members with under £100 saved with Society have now hit that milestone

Nationwide Building Society is from 21 January 2021 increasing the maximum loan term at 90 per cent LTV lending back to 40 years.

Nationwide Building Society will be reducing rates across various products in its mortgage range effective from Wednesday 13 January.

• Expanded group consists of major UK retailers and consumer groups and will meet each quarter
• Panel will measure and assess impact of Brexit and Covid as nation hopes to recover and rebuild
• Nationwide focussing future efforts on four areas: Home, Work, Financial Wellbeing & Community
• Initial research from Ipsos MORI reveals changing societal needs across these four areas of life

On Friday (11 December 2020), Nationwide Building Society will launch a new issue of its one-year Triple Access Online Saver and introduce a new Two-Year Fixed Rate Bond and Fixed Rate ISA.

Nationwide Building Society is reducing rates by 0.15 per cent on its two-year fixed and tracker rate mortgage products at 85 per cent Loan-to-Value (LTV). These changes will be effective from Tuesday 8 December.

• Quarter of Brits chose getting a bargain over protecting themselves against scams, poll shows
• Four in ten would buy from a website or company they've never heard of in order to bag a deal
• Around three in ten have transferred money directly into seller's account despite risk of scams
• Close to a third don’t know how to identify a safe website and a fifth fail to research the sellers

• 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

• 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

• Nationwide backs branches with renewed promise to support UK’s communities
• Never been more important to support members through face-to-face service