Product 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

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

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

• 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

Nationwide has today (Friday 14 August) launched new Fixed Rate Cash ISAs and Fixed Rate Bonds with increased rates.

• Reductions of up to 0.19 percentage points for new and existing customers across first-time buyer, home mover and remortgage ranges
• Nationwide’s lowest fixed rate now 4.52% for new and existing customers looking to move home

Nationwide is today pleased to announce the appointment of Kim Dickinson as its new Lead Product Manager for Intermediaries, further strengthening its intermediary relationships team at a time of continued focus on supporting the broker community.

The Mortgage Works will be reducing rates by up to 0.25 percentage points across selected buy-to-let and limited company buy-to-let products for existing customers. The new rates will be effective from tomorrow, Saturday 27 June.

The Mortgage Works is cutting rates (effective from tomorrow, Friday 26 June) by up to 0.25 percentage points on selected one, two and five-year fixed rate products. This is the third time that The Mortgage Works has cut rates for customers this month.

• Reductions for new and existing customers across first-time buyer, home mover, remortgage and switcher ranges
• Third time that Nationwide has cut mortgage rates in June
• Nationwide’s lowest fixed rate now 4.19% for new and existing customers looking to move home

• 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