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The Latest Breaking News from Nationwide

The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord

Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs

The Guardian - UK

HSBC, Virgin Money and Nationwide customers hit by banking glitches on pay day

Customers have been unable to access their accounts online to make payments

The Independent UK

Nationwide cites inflation for sudden pet coverage cancellations

The nation’s biggest provider of pet insurance cited the escalating cost of veterinary care and other factors cutting into its profits as the reason for its decision

The Independent UK

From analysis to the latest developments in health,
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Ethical banking in the UK: how to put your everyday account to good use

With spotlight on investments behind banks, we ask whether three top providers still offer a good deal

The Guardian - UK

Virgin Money profits edge up ahead of Nationwide deal

Nationwide members to the competition watchdog in bid to stop deal

Evening Standard

US dollar rallies as strong jobs report dampens rate cut hopes – as it happened

US economy created many more jobs than expected in May, but unemployment rate has risen to 4%

The Guardian - UK

Will the general election impact house prices?

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

The Independent UK

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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

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

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

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The Guardian - 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 Independent 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

Evening Standard

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.

The Guardian - UK

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

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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

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.

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

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