Product news

Nationwide Building Society is launching new issues of its Fixed Rate Online Bonds on Friday 9 December.

Nationwide Building Society will be reducing selected two, three and five-year fixed rate mortgages at 60% and 75% Loan-to-Value (LTV) by up to 0.30 percentage points from tomorrow, Friday 9 December.

Nationwide Building Society withdrew its market-leading switching incentive at midnight on 30 November.

Over the course of Black Friday yesterday, Nationwide Building Society members made 9.72 million transactions – 16 per cent higher than a typical Friday.

By 5pm today, Nationwide members had made 6.46 million transactions – 15 per cent higher than a typical Friday.

By 2pm today, Nationwide members had made 4.52 million transactions – 15 per cent higher than a typical Friday.

By 12pm today, Nationwide members had made 3.07 million transactions – 16 per cent higher than a typical Friday.

By 9am this morning, Nationwide members have made 1.37 million transactions – 17 per cent higher than a typical Friday.

The Mortgage Works (TMW) will be reducing selected fixed buy-to-let rates by up to 0.95 percentage points from tomorrow, Friday 25 November. In addition, TMW will be adjusting its range to offer products with various fee options.

Nationwide Building Society will be reducing selected two, three and five-year fixed and two-year tracker mortgage rates by up to 0.30 percentage points from tomorrow, Wednesday 23 November.

• Black Friday spending set to be 7% higher than last year, with World Cup boosting forecast
• Nationwide members predicted to spend more than £222K per minute on Black Friday
• Many will use Black Friday offers to help spread the cost of Christmas and things they need
• Nearly a third regret impulse purchases they make on the day
• Live data: Consumer spending data to be available for media on Black Friday

• Nationwide Spending Report shows essential spending rises 10% year-on-year vs 6% for non-essentials
• Overall spend up 6% year-on-year as cost of living rises – matching September’s growth
• Despite annual increase, utilities and bills down 4% vs September as government discount kicked in
• Monthly report provides overview of c230 million debit card, credit card and Direct Debit transactions