News

• Home Energy Efficiency Tool gives homeowners information on how to make green home improvements
• Tool provides an overview of measures that could be taken to save money and improve home’s EPC rating
• Launches alongside Society’s 0% Green Additional Borrowing to help existing customers finance improvements

Following the 0.25% increase in the Bank of England Bank Rate on Thursday 11 May, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)¹ and Standard Mortgage Rate (SMR)² products will see a rise of 0.25%.

• Nationwide Spending Report shows overall spending up 8% year on year and transactions up 9%
• Essential and non-essential spending gap narrows as people spend more on themselves
• Poll shows 74% are worried about personal finances and ability to cover essentials – highest level this year
• 57% of parents worried about covering costs of summer holidays with total average cost of c£550 a week
• One in four plan to buy new car in next 12 months but 75% say cost will be number one factor when choosing

• Nationwide continues to reinvest profits for the benefit of its members
• £340m Nationwide Fairer Share Payment to reward eligible members with £100
• Society also launches two-year Nationwide Fairer Share Bond for existing members with 4.75% interest rate
• Society announces strong annual results, including returning over £1 billion back to members in better rates and incentives, and continues to lead on customer satisfaction

• Nationwide first high-street banking provider to launch support for customers with communication difficulties
• The scheme, called ‘Speak Easy’, will be piloted in 10 branches across Greater Manchester
• Branch staff will receive specialised training to support non-speaking people
• One in five people across the UK will experience a communication difficulty at some point in their lives

• New Green Additional Borrowing will support up to 5k Nationwide mortgage holders to green their homes
• Product available across two and five-year fixed terms with a maximum loan size of £15,000
• Entire loan must be spent on green home improvements, such as solar panels or air source heat pumps
• First time Society has offered members 0% mortgage product to support decarbonising housing stock
• Product to test whether reducing interest rate will encourage people to make homes more energy efficient

• Six in ten Brits have cancelled or cut down on charitable giving since the crisis began, new research reveals 
• Charities face ‘perfect storm’ of rising energy bills, falling donations, and surge in demand for services 
• Nationwide to give £4m to charities and raises individual grant from £50,000 to £60,000 to help with inflation 

Nationwide Building Society is launching new Fixed Rate Online Bonds and Fixed Rate Branch Bonds on Thursday 4 May.

Nationwide Building Society is today announcing increases across all of its on and off-sale variable rate savings accounts. The changes, effective from 1 May 2023, will see the Society increasing rates by up to 0.35 per cent.

• One in four willing to take more financial risks during cost-of-living crisis
• Six in ten would agree to invest if they were told they could double their money in a year
• Nationwide data shows investment scams accounted for 36% of all cases in 2022, with £5K average claim
• Society data shows South East investment scam hot spots – Kent, London, Essex – recorded most victims
• Nationwide urges members to contact its dedicated Scam Checker Service if in any doubt about an investment

• Nationwide Spending Report shows essential spending was 43% higher than non-essential spending in March
• Non-essential spend remains high as inflation keeps costs up; 6% up year on year
• Despite cost-of-living concerns, more than a quarter admit they will still prioritise spending on holidays
• Poll reveals 67% worried about current state of finances & ability to cover essentials – up from 63% last month
• Nationwide’s data shows 91% of debit card transactions under £100 in store are done by contactless

The Mortgage Works (TMW) will be reducing rates on selected products across its range by up to 0.50 percentage points from Wednesday 19 April.