News

• Nationwide enhances support for people looking to move up the property ladder or get a new mortgage deal
• Five-fold increase in Nationwide loans to first-time buyers at or above 5.5x income in 2025, compared to 2024
• Increased first-time buyer support follows regulatory changes to improve affordability

• Nationwide extends interest-free balance transfer offer to 30 months – now six months longer 

• New offer will be available from 21 January 2025 online, on the phone and in branch 

• Nationwide also continues to offer its combined purchase and balance transfer credit card deal, offering 0% interest on purchases and 0% interest on balance transfers for 15 months  

• The balance transfer fee for these offers remains at 2.99% (minimum £5) per transaction 

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.

• Rate reductions of up to 0.20 percentage points for new and existing customers
• Nationwide’s lowest rate now 3.50% for new and existing customers looking to move home

• Nearly 6 in 10 (57%) say suspicious calls are getting more frequent, receiving 8 a month on average⁽¹⁾
• Impersonation scams account for 17 per cent of all scams reported at Nationwide during 2024 and 2025, with those aged 65-plus disproportionately affected (55%)⁽²⁾
• New Call Checker feature confirms callers are speaking to Nationwide and builds on its existing Scam Checker service, used by 100k people, preventing £300k a month
• Just under 3 in 10 (28%) have received a scam call, rising to 44 per cent of those aged 25-34
• Self-confidence low as 28 per cent aren’t confident spotting a genuine call from their bank or building society
• 25% of younger people (25-34) would call back an unknown number – a risky move scammers rely on

• Holidays, festivals, concerts and wellness top the 2026 list as Brits swap big-ticket buys for memorable moments
• Over a quarter put off ‘big’ purchases such as a car or large-scale renovations and 15% are worried about unexpected expenses
• Eating out and fashion take a hit as households cut non-essentials and turn to second-hand shopping and home cooking

• Cash withdrawn from branch ATMs hit £4.2bn in 2025, surpassing 2017 high of £4bn
• Cash usage rises for fourth year in a row - nearly 35m withdrawals made from Nationwide ATMs(1)
• 13% of Brits – equivalent to 7m – say paying in cash makes saving easier, Nationwide poll shows(2)
• Withdrawals by non-customers up 6% - highlighting impact of bank branch and ATM closures 
• Nationwide ATMs in East Anglia and Essex, The Shires and South London see biggest rises in withdrawals 

• Survey from Nationwide looks at the impact of Christmas spending across different household incomes 

• Comes as Nationwide partners with Action for Children to support their Secret Santa campaign to help Britain’s most vulnerable children feel the magic of Christmas 

• Parents spend average of £673 to fund Christmas, reducing to £264 for those with a household income of £15k or below 

• 42% of parents say Christmas negatively impacts their mental health, rising to 53% of those earning £15k or less 

• 12% of parents plan to borrow money - 16% of households with incomes of £15k or less will be in debt due to Christmas 

• But…two thirds of all parents surveyed agree togetherness is the most important part of the season