News

• Just 11% of women have had their identity stolen compared to 23% of men
• Women more likely to protect social media but less likely to have friends they’ve never met and share details
• More than two thirds of people worried about having identity stolen while 17% have been victims
• 70% share personal details on social media profiles and 22% of profiles can be viewed by anyone
• 7% never check bank statements for suspicious transactions and 24% never check credit files

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

• 38% of people will have heating on all day December 25 compared to just 15% for New Year’s Day
• Households expect to pay average £212.40 more on energy bills this December versus 2021
• 60% of households have heating on less than four hours a day as temperatures plummet
• Nationwide urges members struggling financially to contact its dedicated cost-of-living helpline

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.

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.

• New partnership to help the c15% of older members who lose life-changing amounts to scams
• A quarter of scam victims are over 65, with this group most likely to fall for impersonation scams
• An expanded helpline service at Independent Age will give support to scam victims
• Society to sponsor charity’s Scamwise leaflet to help raise awareness of scams

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.