News

• Branch Promise extension protects all 696 Nationwide and Virgin Money branches 

• Nationwide branches remain popular, with 11% increase in customers using them over last year(1) 

• Over a third of current accounts and over a fifth of savings accounts opened in branch(2) 

• Last branches in town see increased current account openings and ATM usage 

On Thursday 06 November, The Mortgage Works (TMW) is reducing selected Buy to Let rates for new and existing customers by up to 0.30 percentage points, with rates starting from 2.64%.

Multi-platform partnership launches with 'Spent!' podcast, hosted by Matt Edmondson, alongside sponsorship of This is Money's TikTok channel

• Rate reductions of up to 0.25 percentage points for new and existing customers
• First-time buyers, home movers and those looking to remortgage and switch all benefit from these cuts
• Nationwide offering sub-4% rates to all borrower types
• Nationwide offering new and existing customers looking to move home market-leading rate of 3.64%

• Substantial enhancement of Interest Only offering, including increasing max LTV for part and part to 85%
• Expanded range of repayment plans accepted, including use of savings, investments and pension funds
• Interest Only borrowing now also available for first-time buyers

The Mortgage Works is making further enhancements today (Wednesday 29 October) to support landlords who want to grow their portfolios.

The Mortgage Works is today (Monday 27 October) making a number of enhancements to its application process as it continues to respond to broker feedback, particularly on limited company borrowing.

• Nationwide launches Digital Lessons programme supporting local communities
• Over 11.3m UK adults lack basic digital skills on using internet safely and effectively
• Lessons available to everyone – not just for Nationwide customers - across all branches
• Initiative follows Nationwide’s pledge to keep every branch open until early 2028

• Nationwide supported 23k first-time buyers via Helping Hand in last 12 months – up 53% annually
• Helping Hand was enhanced in Sept 2024, enabling first-time buyers to borrow up to 6 times income
• Regulatory changes enabled Nationwide to relax Helping Hand minimum income criteria and allow borrowing up to 95% LTV on new build houses

• Nationwide launches Enhanced and Essentials Home insurance - rated 5 Star and 3 Star by Defaqto
• Provided by Aviva - Nationwide’s new underwriting partner
• The two levels of cover give customers choice on amount of cover and premium

The Mortgage Works is tomorrow (Wednesday 8 October) introducing new products to its range as it continues to cater to the ever-growing limited company buy-to-let market.