Product news

The Mortgage Works is from tomorrow (Wednesday 13 May) cutting rates by up to 0.20 percentage points on selected one, two and five-year fixed rate products across its mortgage range for new and existing customers as well as introducing new products to its buy-to-let range.

• 66% of first-time buyers bought a cheaper home because it needed DIY or renovation work done.
• Many choosing a ‘fixer-upper’ were able to buy in their preferred location, add value and put their stamp on it.
• DIY almost mandatory among first-time buyers, with 93% completing at least one project since moving in.
• But three quarters of first-time buyers have carried out more work than they expected at the outset.
• Nationwide’s recent ‘What Adds Value’ report reveals extensions or loft conversions can add up to 24% value.
• By borrowing more through Nationwide’s Helping Hand mortgage boost, Louis from Essex was able to keep money back from deposit to finance renovation costs.

• North of England attracts largest price and rental premium for more energy efficient buy-to-let properties.
• With potential value added to house prices, coupled with higher rents, the majority of landlords in the Midlands and North likely to recoup the initial investment within five years.
• Pre-1919 properties make up nearly a third of the private rented stock and the cost to upgrade those properties to EPC band C is c£10,700. This compares to just £2,500 for a property built between 2003 and 2013.
• Terraced properties make up a third of England’s private rented sector properties and will require around £7,900, on average, to improve them to an EPC ‘C’ rating.
• 51% of private rented stock in England now rated A to C, up from 25% ten years ago.
• Property rated A or B attracts a significant premium of 12.2%, compared to a similar property rated ‘D’ (up from 10.9% in 2024).
• Rental premium of 8.1% for A or B rated property (compared with similar D-rated property), equivalent to c£85 per month (up from £70 per month in 2024).

The Mortgage Works is from tomorrow (Wednesday 29 April) cutting rates for existing customers by up to 0.20 percentage points across its buy-to-let and Houses in Multiple Occupation (HMO) ranges.

In addition, selected two and five-year fixed rate products up to 75 per cent Loan-to-Value (LTV) for new customers will be reduced by up to 0.10% across the limited company buy-to-let range.

• UK Youth Poll 2026 uncovers challenges faced by young people across the country 

• Separate Nationwide poll highlights rising financial anxiety among 18–29-year-olds 

• Despite challenges, young adults remain optimistic about life, with focus on future  

The Mortgage Works is tomorrow (Wednesday 22 April) cutting rates by up to 0.20 percentage points on selected buy-to-let and let-to-buy products across its new business mortgage range.

• Nationwide doubling number of households who can benefit from 0% Green Additional Borrowing
• 10,000 customers can borrow up to £20,000 interest free to make energy-efficient home improvements
• Around £60m lent since the launch of 0% Green Additional Borrowing in 2023; average loan size of c£13k
• Comes as Nationwide joins the government’s new Green Home Finance Strategic Partnership
• Around £4.8m cashback given to customers through Nationwide’s Green Reward

The Mortgage Works is cutting rates by up to 0.20 percentage points on selected two and five-year fixed rate products for new and existing customers across its limited company buy-to-let range. The new rates will be effective from tomorrow, Thursday 26 February.

• Reductions of up to 0.16 percentage points across fixed rate range for new and existing customers
• First-time buyers, home movers and those looking to remortgage or switch deal benefit from latest cuts
• Nationwide’s lowest rate now 3.54% for new and existing customers looking to move home

• Witnessed signatures to be phased out as Nationwide introduces Qualified Electronic Signatures
• Follows collaboration between Nationwide, HM Land Registry, Your Conveyancer and Veyco
• Latest tech enhancement continues Nationwide’s efforts to speed up the homebuying process
• Follows HM Land Registry’s decision in August 2025 to accept Qualified Electronic Signatures
• Your Conveyancer first to submit to Nationwide via new electronic process

The Mortgage Works is tomorrow (Saturday 24 January) cutting rates by up to 0.20 percentage points on selected one, two and five-year fixed rate products across its new business mortgage range. The Mortgage Works’s lowest buy-to-let rate now stands at 2.29%.

The Mortgage Works is tomorrow (Saturday 17 January) cutting rates by up to 0.15 percentage points on selected two, three and five-year fixed rate products across its mortgage range for new and existing customers.