News
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- In 2019 nearly two thirds of multi-use ATMs saw more cash deposited than withdrawn; rising to more than nine in ten in 2020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
27 Aug 2020
Nationwide implements new speed layer technology
- 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
26 Aug 2020
Re-caring nightmare: over fifties fear losing the family home to pay for care
- 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
24 Aug 2020
Nationwide partners with the Irish FA to help create mutually respectful society
- 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
24 Aug 2020
Nationwide partners with The FA to help restart grassroots football with mutual respect
- 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
24 Aug 2020
Nationwide partners with the Scottish FA to help create mutually respectful society
- 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
24 Aug 2020
Nationwide partners with The FA of Wales to help create mutually respectful society
- 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
20 Aug 2020
Nationwide rolls out Apple Business Chat to provide additional support to members
- 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
12 Aug 2020
Nationwide helping unprecedented numbers of first-time buyers and calls on more lenders to support
- 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
05 Aug 2020
Holiday spend down 46% as Brits abandon foreign vacations in favour of UK staycations
- 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
04 Aug 2020
Nationwide temporarily amends mortgage lending criteria in response to unprecedented number of mortgage applications
- 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
