Product news

Following the 0.50% increase in the Bank of England Bank Rate on Thursday 2 February, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)¹ and Standard Mortgage Rate (SMR)² products will see a rise of 0.50%. 

Nationwide Building Society is reducing fixed rates across its mortgage range by up to 0.75 percentage points, effective from tomorrow, Wednesday 8 February.

Nationwide Building Society is launching new Fixed Rate Online Bonds and Fixed Rate Branch Bonds on Tuesday 31 January

The Mortgage Works (TMW) will be reducing rates on selected two and three-year fixed rate switcher mortgage products by up to 0.35 percentage points from Saturday 28 January 2023.

The Mortgage Works (TMW) will be reducing rates on selected products across its range by up to 0.50 percentage points from Thursday 26 January. These changes will see the headline two-year fixed product now below four per cent.

Nationwide Building Society is reducing rates across its mortgage range by up to 0.20 percentage points, effective from tomorrow, Friday 20 January.

• Nationwide Spending Report shows non-essential spending rises 9% year-on-year vs 8% for essentials
• Number of non-essential transactions was 8% higher compared to December last year
• New poll reveals cost-of-living concerns remain: 69% worried about finances and covering essential costs
• Non-essential spending growth driven by airline travel, holidays, eating & drinking out and clothing & shoes
• Essential spend sees supermarket spending up 11% and credit card repayments up 12% annually
• 22% have more outstanding credit card debt this January than 12 months previous

• Rising cost of living sees cash usage increase 19 per cent in a year
• ATMs for more than cash withdrawals - half of transactions deposits or mini-statements
• Cash still king in capital as London tops UK ATM usage league

Nationwide Building Society is reducing rates across its mortgage range by up to 0.60 percentage points, effective from tomorrow, Friday 6 January.

The Mortgage Works (TMW) will be reducing rates on one, two, three and five-year fixed rate buy-to-let switcher mortgage products by up to 0.40 percentage points from Wednesday 21 December.

• Nationwide Spending Report shows essential spending rises 9% year-on-year vs 8% for non-essentials
• Black Friday accounts for c5% of total number of transactions and c7% of total spend in November
• Transactions made in discount stores up 10% on October (total spend up 27% month-on-month)
• Clothing & shoes and health & beauty see biggest monthly growth for discretionary spending
• But spending fell on eating and drinking out as more stay home for warmth and World Cup

On Wednesday 14 December, Nationwide Building Society will, once again, be reducing rates on selected five and ten-year fixed rate switcher mortgage products.