News

• 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%.

• Landlords remortgaging to The Mortgage Works can benefit from £400 cashback
• TMW also introducing new range for purchase customers with free standard valuations

• New Flex Regular Saver pays 2% - one of the highest savings rates in the market
• Account exclusively for current account members, available for a limited time only

• Black Friday spending forecast to be 32% higher than pre-pandemic peak following 2020 dip 
• Nationwide members predicted to spend more than £251,000 per minute on Black Friday 
• 5pm to 12am the most popular time to make purchases on Black Friday 
• Research shows 36% worry about Xmas and 26% expect to be in more debt next year 
• People willing to pay more for items if they are made and delivered sustainably 
• LIVE DATA: CONSUMER SPENDING DATA TO BE AVAILABLE FOR MEDIA ON BLACK FRIDAY  

On Thursday 11 November, The Mortgage Works (TMW) is relaunching its range of House of Multiple Occupancy (HMO) mortgages.

Nationwide Building Society in Hull is proudly taking part in a unique project to transform its shop front to support Coventry in its year of Culture. The Show Windows project uses a unique exhibition approach by displaying artwork in front windows and has been produced as part of the 2021 UK City of Culture programme for Coventry. The Show Windows will be teaming up with Nationwide in Coventry, Hull and Liverpool to utilise their shopfronts in a bid to reach as many local residents as possible.

On Thursday 11 November, Nationwide will be relaunching its range of two-year tracker mortgages, with rate priced 0.40 per cent below the equivalent two-year fixed rates.