Nationwide Building Society Media Centre - News

More than half of 'Mumlords and Dadlords' give rent back to help children buy their first home

Mon, 28 Sep 2026 12:24:00 Z

54% of parents return some or all of the rent paid by their adult children to help them save for a deposit
Just over a third say their children are living at home specifically to save for a house deposit; 45% say they feel like a landlord to their own child
Parents charge £303 a month on average, rising to £415 in Greater London and dropping to £187 in Yorkshire and The Humber
82% of parents say rising housing costs make it more likely their adult children will continue living at home
Four in ten parents say their adult child cannot yet afford to move out

Brits targeted multiple times a week as one in five tricked into sharing personal information with scammers

Fri, 25 Sep 2026 05:34:00 Z

Lisa Riley MBE shares how falling victim to a convincing scam changed the way she responds to unexpected calls, texts and emails

Nationwide research reveals one in five (15%) have shared personal information with scammers
Brits bombarded with over three suspicious calls and texts a week
19% would trust an unexpected caller claiming to be from their bank if they knew details of recent account activity
More than quarter (26%) received bogus texts impersonating their bank
20% would trust a caller if their bank’s name appeared on their phone and 10% if they sounded professional
Nationwide data reveals average impersonation loss is nearly £2,200, affecting all ages
Lisa Riley MBE shares how a scam left her more cautious about unexpected contact

Nationwide appoints Richard Walker as its new Head of Intermediary Sales and New Build

Tue, 15 Sep 2026 08:30:00 Z

Nationwide is strengthening its mortgage intermediaries leadership team with the appointment of Richard Walker as Head of Intermediary Sales and New Build.

Nationwide upgrades popular FlexDirect current account – offering £295 of value in first-year

Wed, 09 Sep 2026 06:00:00 Z

Nationwide FlexDirect customers can now earn £120 cashback during first year: £5 a month for direct debit spend and £5 a month for debit card spend
Eligible customers can also receive a £175 switching incentive to join Britain’s biggest building society
FlexDirect continues to offer 5% interest on current account balances up to £1,500 for 12 months
Rachel Springall at Moneyfacts commentary

The Mortgage Works broadens support for landlords with enhancements to age criteria and maximum total borrowing

Thu, 03 Sep 2026 09:47:00 Z

Maximum age at application for first-time landlords will be increased to 75 years old, up to 70% LTV
Landlords can now have a maximum total borrowing with the Nationwide Group of £10m
The Mortgage Works now accepts applications that involve the purchase of an existing buy-to-let property from another family member

Nationwide Building Society (Nationwide), Virgin Money UK Limited (Virgin Money) and Clydesdale Bank Limited (Clydesdale Bank) Board Changes

Tue, 01 Sep 2026 09:12:00 Z

Nationwide Building Society announces the appointment of Simon McNamara as a Non-Executive Director of Nationwide, Virgin Money and Clydesdale Bank Boards with effect from 1 September 2026.

Nationwide launches new one and two-year Fixed Rate Bonds and Cash ISAs with higher rates

Wed, 26 Aug 2026 14:47:00 Z

Nationwide has today (Wednesday 26 August) launched new one and two-year Fixed Rate Cash ISAs and Fixed Rate Bonds with higher rates.

Nationwide reveals: the hidden £15,500k* cost of school from reception to GCSEs

Sun, 23 Aug 2026 23:15:00 Z

Parents could expect to spend more than £15,500 on a child's school years from reception to GCSE, with school clubs accounting for the biggest share of the bill, according to new Nationwide research.
Back-to-school costs are squeezing budgets, with 49% stressed and families cutting back
Nearly a quarter use clubs for childcare, with 22% of parents relying on them to cover childcare gaps
Families confess kids have lost or worn out around 325 items during their time at school
Nationwide and Finder launch new back to school calculator to find out how clubs, uniform and trips costs compare and money personalities– https://www.finder.com/uk/budgeting/cost-of-the-school-year
Jordan Banjo talks about the value of clubs to him growing up
Finder’s parent consumer expert Kate Steere shares her experience and tips on kids clubs

Nationwide aims to simplify credit scores with free-to-use widget

Thu, 20 Aug 2026 09:15:00 Z

Free credit score service provides easy access to customers’ credit information.
Forms part of wider commitment to improving financial confidence and wellbeing.
FCA research finds that 39% of people who checked their credit report or score say they understood it very well.
Around one in ten (9%) don’t understand it very well or at all.

Nationwide expands free benefits indicator to Virgin Money as households identify an average of £555 extra income per month

Tue, 18 Aug 2026 11:46:00 Z

Free ‘Better Off Indicator’ available online, by phone, and in branch as people struggle with cost of summer holidays
Nationwide identifies £115m of additional annual support since June 2025, with households discovering £555 per month on average
Half of low-income parents may delay rent or mortgage payments to cover essential summer holiday costs
56% expect to delay household bills over school holidays; 63% likely to rely on Buy Now Pay Later to cover summer break
Free benefits service available to Nationwide and Virgin Money customers and non-customers alike