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The Latest Breaking News from Nationwide

OPINION - Dear Nationwide: Don’t go changing to try and please us

The City joke goes like this. You can be absolutely certain what a bank with spare capital will do next. The only question is: up which wall.

Evening Standard

Nationwide becomes first lender to drop two year fixed mortgage rate below 5%

Other lenders are expected to follow suit as they compete to pick up business from scarce buyers

Evening Standard

New mortgage deal falls below 5% in ‘watershed moment’ for UK homeowners

Nationwide’s two-year fixed rate deal offered at 4.99% as lenders jostle for customers

The Guardian - UK

From analysis to the latest developments in health,
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Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

Fortune

Who is responsible for AI? It isn't always the CEO

Regardless of the structure, many say policies and frameworks should be in place to make sure employees aren’t going rogue.

Fortune

‘Property porn’ estate agent The Modern House cuts staff amid downturn

Aspirational website and Instagram feed joins firms laying off workers as market slowdown hits

The Guardian - UK

Bargain hunters put a floor under house prices

It is hard to reconcile the somnolent levels of activity in the housing market with today’s surprise uptick in house prices in October.

Evening Standard

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UK house prices up almost 1% since last month but mortgage approvals plunge

Just 43,300 mortgages were approved in September, 30 per cent less than the monthly average in 2019

Evening Standard

UK house prices increased by 0.9% month-on-month in October, says Nationwide

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

The Independent UK

Tata Steel reports loss after delaying jobs cuts announcement at last minute – as it happened

An expected announcement on the future of the country’s biggest steel plant has been delayed, after reports that thousands of jobs could be lost

The Guardian - UK

House prices surprise with 0.9% increase in October says Nationwide

Housing market more resilient than feared despite the impact of 14 interest rate hikes

Evening Standard

Banks’ performance in dealing with APP scam victims revealed by regulator

The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society.

The Independent UK

How husband’s suicide, two car crashes and secret £80,000 debt left widow fighting to save her home

Anyssa Neumann suffered a series of ordeals over a two year period that left on her on the brink of losing her home

The Independent UK

Five questions for Nationwide chief executive Debbie Crosbie

Is a treasured building society losing its way?

Evening Standard

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The Independent UK

Boost for British high street as Nationwide rebrands and pledges to keep branches open

Britain’s biggest building society says it’s determined to keep supporting customers in person just as banks shut physical outlets

Evening Standard

London house prices fall over £20k on average as mortgage rates bite but full crash ‘unlikely’ say experts

House prices have fallen 3.8 per cent since interest rate hikes began, but demand for homes still outweighs supply

The Guardian - UK

UK house prices drop 5.3% with falls in every region, says Nationwide

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

The Independent UK

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

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The Guardian - UK

Sharon White stepping down from John Lewis; UK house prices fall at fastest rate since 2009 – as it happened

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

Evening Standard

London house prices still falling, but more slowly, Nationwide House Price Index says

Prices were still down 3.8% year-on-year, but that a smaller decline than in the second-quarter update

The Independent UK

Chase crypto ban unlikely to be copied by UK rival banks, lawyer says

The outright ban by JP Morgan’s consumer bank Chase was a ‘brave call’ unlikely to be echoed by high street banks.

The Guardian - UK

Savings experts say UK rates could soon fall. Here’s where to invest while you can

The top-paying accounts that may be worth a look before they start to disappear

The National (Scotland)

Nationwide to close Dunfermline headquarters

Nationwide has announced plans to close its Dunfermline headquarters and relocate.

The Guardian - UK

UK lenders expected to make further mortgage rate cuts next week

Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on hold

The Guardian - UK

As UK mortgage interest rates fall, should you choose a two-year or five-year fix?

Bank of England halts run of base rate rises but borrowers still have much to ponder

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