News

• 47,318 accounts open by end of April
• 17,901 of them saved between £50 and £100 each month between April and June
• Total prize fund £45,800 with one in 39 chance of winning
• As of 30 June, 83,806 Start to Save accounts opened – all potentially eligible for October prize draw – with nearly £16m saved in total
• 52% of accounts opened by 18-39-year-olds vs 28% for all types of savings accounts

• Nationwide Savings Index reveals evolution of saving habits under lockdown
• Savings Index includes poll of more than 10,000 people across Great Britain
• 37% have saved more during Covid-19 period, rising to 45% those aged 18-34
• Half of younger savers think their savings habits will change post Covid-19
• Nationwide’s own data shows people not dipping into savings during lockdown
• Average savings buffer people think they need for future pandemic is £12,212
• As restrictions lift, Nationwide is encouraging people to continue saving regularly

• Two, three and five-year fixed rate and two-year tracker products on offer
• Rates competitively priced from 2.49% with no set limit on numbers available
• Fee and non-fee options available to give would-be homeowners greater choice

Nationwide Building Society is today announcing that it will offer members six-months free subscription to Switchd (This link will open in a new window), a company that automatically switches people’s energy supplier to ensure they are always on the best deal.

• Nationwide increases support for first time buyers by raising lending limit to 90% Loan-to-Value (LTV) for many properties and would-be owners
• Will help more people benefit from the stamp duty freeze recently announced by government on properties up to £500,000
• Mortgages of up to 90% LTV available via Nationwide and through brokers from Monday 20 July

• Nationwide saw a 61 per cent increase in traffic to its Mortgage Affordability Tool
• Almost 50 per cent growth in use of its Quick Quote Mortgage Calculator
• Traffic to Nationwide’s Mortgage tools up by almost 70 per cent while Chancellor spoke
• Home movers in England could save on average £2,908 from stamp duty change

Nationwide Building Society is today launching new issues of its Fixed Rate Bonds, e-Bonds and Fixed Rate ISAs.

• Partial or full mortgage breaks available from today for those still impacted by Covid-19
• Payment breaks come as part of Nationwide's Home Support Package announced in May
• Members coming to the end of an initial payment break will be contacted by the Society
• Sits alongside Society's move to not repossess any home hit by Covid-19 until May 2021

• Maximum LTV of 85% for house purchase, remortgages and lending to first-time buyers
• Society maintains lending up to 95% LTV for existing mortgage members
• Two and five-year fixed rates reduced by up to 0.1% for those with 40 per cent deposit

• A fifth go two months or more without coins or notes while half say they’ll use cash less in future
• Nationwide members made 78.5 million contactless payments between 23 March and 31 May
• Lockdown forces 27% to use mobile payments and 25% online or mobile banking for first time
• 44% of Brits worried about using cash with nearly two thirds decreasing usage since lockdown
• One in five admit to ‘money laundering’ as they clean their cash in the sink or washing machine

The Mortgage Works (TMW) is tomorrow, Wednesday 3 June, launching a new one-year fixed rate Buy to Let product aimed at landlords who are looking to switch to a new product at the end of their current TMW deal.

From Thursday 28 May, Nationwide Building Society is reducing rates on selected two, three, five and ten-year fixed rate switcher mortgage products, as well as its two-year tracker mortgages, by up to 0.25 per cent. The Society will also be reducing rates on its range with a £1,499 fee and its Later Life mortgage products (Retirement Interest Only and Retirement Capital and Interest) by up to 0.40 per cent.