News

• 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

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

• 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

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

• 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

• 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.

• 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

• Reductions of up to 0.15 percentage points for new and existing customers across first-time buyer, home mover and remortgage ranges
• Nationwide’s lowest fixed rate now 4.48% for new and existing customers looking to move home

• Towns across the UK are being invited to enter the 'Let's Celebrate Towns' competition, the UK wide showcase delivered by Visa in partnership with Nationwide, now in its fourth year.
• Winning towns will each receive a £20,000 grant towards community-led projects or new initiatives that give small businesses a boost.
• This year, towns can enter across five categories: High Street Revival, Backing Local Business, Protecting Valued Places, Connected Places and Community Pride.
• The launch comes amid a renewed national focus on local pride, as the Government invests up to £5.8 billion in nearly 300 communities through its Pride in Place Programme, an ambition Let's Celebrate Towns shares by helping the best local ideas spread across the country.
• Entries will be judged by an independent panel spanning business and industry bodies, with winners announced at an awards ceremony in Parliament on 14th December 2026.