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The Latest Breaking News from Nationwide

Will the general election impact house prices?

Nationwide announced that UK house prices saw a modest bounce back in May

The Independent UK

Nationwide faces competition inquiry over Virgin Money deal

Nationwide Building Society’s controversial £2.9 billion takeover of Virgin Money hit a potentially serious hiccup today when the Competition and Markets Authority launched a probe into the deal.

Evening Standard

Watchdog launches investigation into Nationwide’s Virgin Money takeover

The CMA said it is considering whether the deal could ‘result in a substantial lessening of competition’ within the UK market.

The Independent UK

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Nationwide sees higher wages give a small Spring boost to property market

Prices rose at a higher annual rate of 1.3% in May says lender

Evening Standard

Eurozone inflation jumps to 2.6%; UK house prices rebound; US PCE index lifts rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Nationwide blocked my debit card and won’t tell me why

Its fraud team couldn’t resolve the matter and I’m running out of money

The Guardian - UK

House price growth in rural areas outstrips towns in Great Britain

Countryside semis are strongest-performing property type, with average price up 22% over five years

The Guardian - UK

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Rural areas ‘have seen strongest house price growth over last five years’

Increased demand for properties in rural areas was part of the ‘race for space’ seen during the coronavirus pandemic, Nationwide said.

The Independent UK

Co-op bank brand may disappear within years in Coventry Building Society deal

New owner leaves door open to dropping ethical bank’s name after £780m agreement that will create lender with 5m customers

The Guardian - UK

Nationwide offers £100 cash gift to members after £2bn profit bonanza

Nationwide decided in March this year to buy rival lender Virgin Money for around £2.9 billion

The Independent UK

Nationwide profits slip but new member benefits promised

Nationwide profits slipped by £200m to £2bn for the year to April it said today, one day after Virgin Money shareholders backed the £2.9bn takeover by the society.

Evening Standard

Virgin Money shareholders vote for Nationwide takeover by big majority

The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale

The Guardian - UK

‘Free money’ and 10% interest: carrots UK banks are dangling to get you to switch

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached

The Guardian - UK

Nationwide doubles maximum personal loan to £50k amid rising building costs

Previous £25,000 maximum no longer enough to fund some home improvements, says building society

The Guardian - UK

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Fortune

Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to 2000 levels

Branson took a $126 million hit to his fortune last year as he continued to fight several fires at his Virgin Group.

The Guardian - UK

Savills says UK house prices will rise this year in U-turn on earlier forecast

Lower mortgage rates prompt property firm to change its outlook from 3% drop to a 2.5% increase

Evening Standard

House prices fall again as mortgage rates spike

Lenders, including in the past few days, NatWest, Santander and Nationwide, have been increasing their mortgage rates

Evening Standard

UK house prices now sit 4 per cent below all-time high as first-time buyers struggle to get on the ladder

The building society said the typical property value fell for the second month in a row in April.

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The Guardian - UK

UK house prices fall unexpectedly for second month in a row

Nationwide blames April slowdown on ‘affordability pressures’ on back of high mortgage rates

Top News

UK House Prices Unexpectedly Fall In April: Nationwide Data

Discover why house prices in the UK unexpectedly fell in April and the implications for the housing market and economy.

Evening Standard

UK house prices dip in April as higher mortgage rates end property market rebound, Nationwide says

The average price across the UK was £261,962

The Guardian - UK

UK and US manufacturing sectors shrink as new orders fall and prices rise – as it happened

The UK’s manufacturing sector suffered a fresh downturn last month as disruption to shipments in the Red Sea hit firms

The Guardian - UK

Nationwide stops lending on some flood-risk properties

Banks may follow suit after UK weather-related claims on home insurance reach new high

Evening Standard

Nationwide's £2.9bn deal for Virgin Money must be stopped — members should sign up

City Voices: Give Nationwide Members a say on the purchase of Virgin Money

Evening Standard

Court case could disrupt Nationwide's takeover of Virgin Money — let's hope it does

City Comment: Virgin Money shareholders get a vote, why don’t Nationwide members?

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