News

The Mortgage Works (TMW) will be reducing rates by up to 0.25 percentage points across its Buy to Let Switcher range from Friday 13 October 2023.

Nationwide Building Society is reducing rates across the majority of its fixed rate mortgage products by up to 0.45 percentage points, with the new rates effective from tomorrow, Wednesday 11 October.

The Mortgage Works (TMW) will be reducing rates by up to 0.75 percentage points across its Buy to Let, Let to Buy and Large Portfolio range for new business products from Tuesday 10 October 2023.

• Nationwide now has more branches by staying open while the big banks continue to close theirs 
• News follows Society’s Branch Promise to not leave any town or city in which it is based until at least 2026
• New advert sees fictional big bank boss Dominic West dismiss branches and putting profit before customers
• Debbie Crosbie, Nationwide CEO: “As a modern mutual, we make decisions in the best interest of our customers”

• World’s largest building society - one of UK’s biggest and most trusted names - modernises brand​ 
• Forms part of mutual’s efforts to offer ‘a good way to bank’ through leading service, value and fairness ​ 
• Move follows promise to keep branches open, unlike banks, with all 605 to be updated with new branding​ 
• Comes in the same year Nationwide returned £340 million of its profit to members through Fairer Share​ 

Nationwide Building Society is today (Tuesday 3 October) increasing the maximum Loan-to-Value (LTV) available to self-employed borrowers to 95 per cent.

Nationwide Building Society is reducing fixed remortgage rates by up to 0.25 percentage points and selected tracker rates by up to 0.40 percentage points, with the new rates effective from tomorrow, Tuesday 3 October 2023.

The Mortgage Works (TMW) will be reducing rates by up to 0.35 percentage points across its Limited Company switcher range from Saturday 30 September 2023.

The Mortgage Works (TMW) will be reducing rates by up to 0.40 percentage points across its Limited Company and HMO range for new business products from Thursday 28 September 2023.

• Rate cuts of up to 0.31% across majority of Nationwide’s fixed rate mortgage products
• Rates on five and ten-year fixed rates for first-time buyers and home movers start at 4.94%
• Nationwide offering two-year fixed rates for home movers with rates starting below 5.5%

• Nationwide Spending Report shows spending in August was up 5% year on year, with transactions up 6%
• Money worries grow as 69% are concerned about personal finances and ability to cover essentials costs
• Essentials: spending on rent increase 19%, while spend on mortgages increase by 11%
• Non-essentials: spending on home improvement down, while spending on flights and digital goods jump
• Despite many households agreeing to cut back, 28% Brits admit to secret spending

• £200 paid to current account customers using the Current Account Switch Service
• Current account customers rewarded with market-leading Flex Regular Saver paying 8% AER
• Combination of incentive and interest could earn customers £377 in the first year
• Latest move by Nationwide Building Society that demonstrates benefits of being a customer