News

• Two thirds of university students behind or struggling to pay their rent or accommodation costs
• Nearly three quarters have borrowed from family to pay for essentials such as food and rent in last year
• Nationwide giving £10 to housing charity Shelter for every new FlexStudent current account opened

Nationwide Building Society is today increasing the rate on its one and two year Fixed Rate Bonds and launching a new five year Fixed Rate Online Bond.

• More than half of people have had a knock on their door offering to do work on their homes
• 18% received an email invoice for work but 35% don’t know fraudsters can intercept messages
• One in five have had email hacked, while nearly a quarter (24%) have been victim of email hacks
• 21% have authorised a payment that has been flagged as suspicious by bank or building society
• Nationwide’s Scam Checker Service allows members to check a payment before making it

• New maximum loans up to £5m available from 3 August across standard five-year product range
• Maximum loan-to-income increased to 5.5x for high earners on house purchase applications

• Households cutting back as ability to shop around for cheaper fuel is limited, Nationwide poll shows
• Despite reducing spending, many are having to use savings and credit cards to pay for fuel
• More than eight in ten people are more worried about their finances than they were a year ago
• Nationwide launches dedicated cost-of-living hotline to help members struggling financially

• £100 cashback available for limited time to students opening FlexStudent from 1 August
• £10 to be given to housing charity Shelter for every student account opened from today
• Account continues to offer students interest-free, fee-free overdrafts of up to £3,000
• Students will continue to move to Society’s FlexGraduate account after finishing university

• Kettel Homes enables first-time buyers to live in the home they want to own while they build up their deposit, strengthen credit and increase affordability
• Price of the property is locked in at the outset so tenants have a clear route to home ownership
• Forms part of Nationwide’s efforts to create solutions for those in poverty by funding start-ups
• Incubator Programme launched alongside a £2.5m investment in the Fair by Design fund

• Nationwide Spending Report shows drop across essential and non-essential expenditure and transactions
• Nearly all non-essential categories fall in June with biggest drops in gardening, gambling and subscriptions
• Spending on fuel and electric vehicle charging only ‘essentials’ category to see a spending increase in June
• Spending Report suggests households feeling the pinch and comes as Nationwide launches new hotline

• Rate on latest issue of 1 Year Triple Access Online Saver increased for new and existing members
• Society also launching new issue of 1 Year Triple Access Online ISA paying highly competitive 1.35%
• Nationwide is also increasing rates on one and two year fixed rate products

• Almost half of brits (47%) will be driving to their holiday destinations this year.
• 68% can’t change a tyre, 44% can’t top up water and 42% can’t replenish oil or windscreen washer
• 32% of drivers have broken down, facing average cost £206 for those without cover
• FlexPlus provides many benefits, including AA Breakdown cover for the UK and Europe