News

• Society increases rates by at least 0.15% on regular savings, children and loyalty accounts
• Flex Regular Saver continues to offer highly competitive rate – now 2.50%

• One in three landlords have considered selling rental properties due to loss of mortgage interest tax relief
• Quarter of landlords raising rents to cover extra tax burden - adding to pressure of rising living costs
• Half of landlords struggling to keep up with changes and want more support post-pandemic
• The Landlord Works is a tool that enables landlords to manage their portfolios for free online

• Nationwide invests in Wakefield site for the benefit of colleagues following its new ways of working announcement
• Nationwide responds to colleague demand for flexible working by creating space for collaboration and hotdesking

Nationwide Building Society’s highly-rated1 FlexPlus account is moving to the AA for its breakdown cover from 1 March 2022.  

• Society making changes to rates across fixed and tracker mortgage range from 6 January
• BMR and SMR increasing by 0.15% in line with Bank Rate from 1 February

• Low stock on must-have items forces Brits to snap up items as soon as they are spotted
• One in eight would rush into a purchase this year even if it looked too good to be true
• More than one in ten have been duped yet one in three say they’ll never be scammed
• Nationwide data suggests those aged between 21 and 30 most susceptible to purchase scams
• Two-thirds store details on websites, but one in eight don’t know how many their details are on

• Limited Company rates reduced by up to 0.20% and no fee products added to the range
• New 10-year fixed buy to let mortgage launched

• Society to allow remortgage lending with additional borrowing at 90% LTV
• Maximum LTV for further advances and Green Additional Borrowing also increased to 90% LTV

Nationwide Building Society announces that it has appointed Debbie Crosbie as its next Chief Executive and Executive Director, subject to regulatory approval.

• 52% of landlords with affected rentals have considered selling property due to concern over meeting EPC-C standard
• Nearly two thirds of landlords have properties that need energy efficiency improvements
• 33% don’t know what improvements are needed: insulation and boiler upgrades most common
• Average landlord has £15,579 saved for unexpected costs

• 70% of members release equity without leaving their home using Video to Member service
• Around 3,700 members have attended a Nationwide equity release webinar this year
• Nearly 358,000 people researched their options online via the Society’s Mortgages for Over 55’s web page

On Thursday 25 November, Nationwide will be increasing rates on selected five-year fixed rate products up to 85% Loan-to-Value (LTV) by up to 0.20%.