News

On Wednesday 5 October, The Mortgage Works (TMW) is launching a new range of two and five-year fixed buy to let mortgages and updating its stress rates.

• £200 paid to current account customers who switch using the Current Account Switch Service
• Rate on linked Flex Instant Saver, exclusively for current account members, doubled to 2.00% AER from Wednesday 5 October

On Friday 30 September, The Mortgage Works (TMW) will reintroduce its range of fixed buy to let mortgages following their temporary withdrawal on Wednesday (28^th).

Nationwide Building Society is amending its fixed mortgage rates, effective from tomorrow, Friday 30 September.

Due to the current economic environment and unprecedented demand, The Mortgage Works (TMW) will be temporarily withdrawing its range of fixed rate buy to let mortgages from 3pm today (Wednesday 28 September).

Nationwide Building Society is pleased to announce the appointment of Tracey Graham as an independent Non-Executive Director of the Society.

From Wednesday 28 September, Nationwide Building Society is amending its fixed and tracker mortgage rates.

• Nationwide Spending Report reveals fall in spending across essential and non-essential items in August
• Spending on debt rises month-on-month and annually, as does the amount spent on rent payments
• Recent trend of falling spend on DIY, dating, subscriptions and gardening continues as consumers cut costs
• But spend on socialising and leisure¹ still rising despite cost pressures, accounting for a quarter of all non-essential spending

• Average household £249 per month worse off than same time last year, research from Nationwide shows
• One in eight avoid seeking help, with younger adults five time less likely to get support than older people
• Majority feel they have cut back as far as they can and don’t think they can reduce outgoings any further
• Half are worried about contacting their bank / building society for help due to any future impact on finances
• Nationwide prepares to offer appointments to members in addition to its dedicated cost-of-living hotline

Nationwide Building Society is today increasing the rate on its one and two year Fixed Rate Bonds/Online Bonds and launching a new three year Fixed Rate Online Bond.

• New streamlined process developed in conjunction with Moneyhub using open banking payments technology
• Around 8 percent of accounts are closed each month as members forget to meet the funding requirements
• New process initially rolled out for Fixed Rate Online Bonds before expanding to other savings accounts in future.

• Just 22% of landlords support proposal to end Section 21 ‘no fault’ evictions, research shows
• 62% supportive of National Landlords Register but 53% say it won’t deter rogue landlords
• Introduction of Decent Homes Standard garners most support amongst landlords