News

• First major lender to offer first-time buyers ability to borrow 5.5 times salary up to 90% LTV
• New Helping Hand option to enable homeownership for many who have been frozen out
• Nationwide makes £1 billion available for lending on higher loan-to-income mortgages
• Last ten years saw average first-time buyer property prices jump 41%, while income rose 18%
• Move marks next step in Society’s plan to support those looking for a home of their own

Children get the chance to make their mark on football in new FA & Nationwide Building Society campaign

• The Society will adopt EcoVadis’ sustainability rating system to enhance the way it measures the sustainability of its supply chains
• Part of Nationwide’s ambition to build more diverse, more ethical and greener supply chains
• Follows High Commendation for Best Initiative to deliver Social Value by CIPS

• Partnership with Switchd gives Nationwide members six months’ free ‘auto-switching’ service
• A third choosing green tariffs, saving the equivalent carbon of driving three million miles¹
• Around 2,700 members have signed up and will have collectively saved over half a million pounds annually

• As more turn to investments, 22% don’t know how to check if an investment company is genuine
• Nationwide Building Society’s own data reveals a rise in investment scams over the last year
• 15% of victims would proceed if someone said they could get money back for a fee, and would continue with the scam
• But only 44% of investment scam victims would think about telling their bank or building society

• Society instils Work, Meet, Recruit, Live Anywhere ethos as it asks employees to ‘locate for their day’
• Employees say that remote working is leading to better outcomes for customers and colleagues
• Nationwide CEO Joe Garner: “We’ve listened and learned, and are now deciding to move forward not back”
• Society convenes major businesses to discuss Future of Work as part of report with Ipsos MORI

• Rate of 0.75% on Green Additional Borrowing across all LTV tiers up to max 85% LTV
• Available for borrowing of up to £25,000 for a range of sustainable home improvements
• Nationwide to begin offering its Green Additional Borrowing to brokers in the coming weeks
• Case study: Amy Brierley of Bolton borrowed £25k to make her home more energy efficient
• Rates reduced as Society leads way on greening of UK homes

More than two million privately rented households in the UK have no insurance policy on their properties, despite the contents of an average property amounting to £25,126, according to a new poll.

The gap in cover is shown in new research by Nationwide Building Society as it highlights the need to protect belongings in homes, regardless of whether they are owned or rented.

• Research from Nationwide reveals Brits spent £8,465 on entertainment at home
• National poll comes as UK marks a year of lockdown measures on March 24
• Amazon, clothes, takeaways, and DIY ranked in league table of spend
• Eats and treats offset as Brits exercise more and keep in touch with friends & family

On Thursday 18 March, Nationwide is reducing rates on selected mortgages across its range, including for first-time buyers, by up to 0.25 percentage points.

• Impact on wellbeing of homeworkers with children significantly worse than those without
• Despite homeworking and home-schooling pressures, Nationwide and Ipsos MORI research reveals 6 in 10 with kids at home say remote working leads to better work-life balance
• Women working remotely with children at home more likely than men to report that their mental health got worse because of Covid-19, according to the research
• Nationwide calls on UK employers to consider what flexible working should mean at a time the nation slowly eases out of lockdown as the vaccine rollout continues
• Flexible working champion Anna Whitehouse, known as ‘Mother Pukka’, launches findings alongside Nationwide

• Member Exclusive FRISA is an 18-month fixed rate ISA paying a market-leading rate of 0.75%
• Account launches 17 March: Those applying must be existing Nationwide members
• Nationwide’s first ISA transfer incentive: £50 for members moving £10k+ to Society
• To get incentive, money must go into Member Exclusive FRISA using ISA transfer service