News

Commenting on the reforms to the homebuying process announced by the government, Henry Jordan, Nationwide’s Group Director of Mortgages, said:

• Free assessments with Eco Approach to help landlords identify what improvements need to be done
• The Mortgage Works launches new Further Advance products with discounted rates to help finance costs
• Two and five-year products available; both at 2.99% – around 2% cheaper than standard further advances
• Comes as research shows landlords would welcome help understanding what to do and how to finance it
• The Mortgage Works’ latest report suggests green improvements can add value & enhance landlord returns

The Mortgage Works is, from tomorrow (Wednesday 17 June), cutting rates by up to 0.26 percentage points on selected two, three and five-year fixed rate products for new and existing customers.

• Reductions of up to 0.28 percentage points across first-time buyer, home mover and remortgage ranges
• Nationwide’s lowest rate now 4.29% for new and existing customers looking to move home

Hannah Bernard, Director of Business Banking at Nationwide, has been appointed a Commander of the Order of the British Empire (CBE) in this year’s King’s Birthday Honours.

• Nationwide research shows 23% of people say global events have already impacted holiday plans[1]
• 28% have delayed holiday decisions while 15% have cancelled trips
• 23% booking UK vs abroad, 17% choosing cheaper trips and 15% switching to day trips
• Nationwide data shows a -1.2% fall in average holiday spend year-on-year, highlighting a shift towards more cautious spending[2]

• Nationwide all but completes Fairer Share payments in first day of rollout
• Around 4.4m eligible members with a current account and qualifying savings or mortgage receive £100
• Nationwide research shows how Brits would spend £100: 16% on a big food shop, 13% saving for a holiday and 13% setting it aside for holiday spending money

• Reductions of up to 0.12 percentage points for existing customers switching to a new deal, with rates starting from 4.56%

• Financial services leaders must use AI to widen opportunity for women
• Women remain under-represented in leadership despite making up 42% of workforce
• AI can reduce bias and unlock talent but only if adopted with care and trust

• Nationwide is the first banking provider to roll out public access defibrillators and bleed control kits across all branches¹  - with Virgin Money branches to follow, as it becomes Britain’s biggest branch network
• All 605 Nationwide branches to have a defibrillator and a bleed control kit installed by end of the year
• Life-saving training for Nationwide colleagues and communities across the UK run by St John Ambulance
• 87% of people would feel safer with local life-saving equipment: 97% state importance of free, life-saving first aid sessions
• Forms part of Nationwide’s commitment to High Street and follows promise to keep all branches open until at least 2030

The Mortgage Works is from tomorrow (Friday 5 June) cutting rates by up to 0.22 percentage points on selected one, two and five-year fixed rate products for new and existing customers.

• Nationwide survey reveals 25% of Brits want last-minute World Cup tickets, rising to 43% if they reach the semi-finals or beyond
• World Cup to encourage higher spending - 27% plan to spend more with 25% expecting to spend an extra £50–£100 in June and July
• 9pm kick-offs: fans to watch at home with family (40%) or friends (15%), with 11% going to a pub or bar
• Spending to focus on food: 18% buying gametime snacks and treats from supermarkets and 16% grabbing a takeaway
• As Nationwide data from the 2024 Euros shows takeaway orders averaged £23 a time