News

Nationwide Building Society is today (20 September 2024) launching new issues of its Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate Cash ISAs. 

Effective from tomorrow, Tuesday 24 September, Nationwide Building Society will be cutting rates on the vast majority of its fixed rate products by up to 0.31 percentage points.

• First major lender to offer first-time buyers ability to borrow six times income up to 95% Loan-to-Value
• Enables couple earning £50k to borrow £300k towards first home – c£75k more than standard lending
• Nationwide becomes first big lender to offer sub-5% rate at 95% LTV for first-time buyers as it cuts rates
• Nationwide also increases max loan sizes, including up to £750k between 90% and 95% Loan-to-Value
• “Putting first-time buyers first” the latest demonstration of the value of being a Nationwide member

• UK’s largest branch network rolls out ‘Speak Easy’, a custom-made set of printed cards with phrases and pictures, to support face-to-face interactions
• Nationwide first high-street banking provider to offer this type of dedicated support in branch for those with communication difficulties

Effective from tomorrow, Friday 13 September, Nationwide Building Society will be reducing selected rates by up to 0.25 percentage points, with the majority of cuts being made across the first-time buyer range.

The Mortgage Works (TMW) will be reducing rates 0.05 percentage points across its Buy to Let Switcher range from tomorrow, Thursday, 12 September 2024.

Nationwide Building Society is today (30 August 2024) launching new issues of its fixed rate savings accounts and Triple Access accounts.

• More than three quarters of students worried about cost of university life, a new poll from Nationwide shows
• Average monthly income of £752.20 dwarfed by expected living costs of £2,197 – a threefold increase
• Over half of students are set to start university in debt – 1 in 4 more than £1,500 in the red
• Nationwide launches latest FlexStudent current account: £100 cashback, 12 months of JustEat vouchers, interest-free, fee-free overdrafts up to £3k and commission-free purchases and withdrawals abroad

Nationwide is today pleased to announce the appointment of James Briffitt as its new Head of Intermediary Sales and New Build.

• Rates cut by up to 0.26% with Nationwide’s lowest rate now 3.78%

On Wednesday 21 August, The Mortgage Works (TMW) is reducing selected buy-to-let rates for new customers by up to 0.10 percentage points, with rates starting from 3.49%. 

Nationwide is increasing its support for the new build sector by increasing the maximum loan-to-value (LTV) available for those looking to purchase a new build house from 85 per cent to 90 per cent – providing further support for the housebuilding sector and the government’s housing ambitions.