Product news

In response to today’s Bank Rate rise, Nationwide is announcing increases of up to 0.25% across its variable rate savings accounts. The changes are effective from 1 December 2026.

The Mortgage Works is expanding its limited company buy-to-let range with the introduction of new fixed and tracker products for new and existing customers.

• New market-leading 5.30% 30-month fixed-rate savings account available exclusively to Nationwide members
• Someone saving the full £10k would receive £1,381.92 in interest after the full 30 months
• Poll shows 85% of banking customers say existing customers should be rewarded at least the same as new ones
• Nearly three quarters (73%) of savers have felt overlooked despite being a long-term customer or member
• 6 in 10 (59%) believe new customers get better savings rates, rising to 72% of 25 to 34-year-olds
• Around two thirds (63%) find an exclusive savings account for existing customers or members appealing

Nationwide has today (Friday 23 October) launched new Fixed Rate Cash ISAs and Fixed Rate Bonds, increasing the rates available to savers.

The Mortgage Works is today (Thursday 22 October) broadening its support for limited company landlords by allowing directors and shareholders to have more than one Special Purpose Vehicle (SPV) financed through The Mortgage Works.

• 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