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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

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

Nationwide Darren Bailey
A man in checked shirt looking at plans on a table next to a laptop computer and hard hat. He is in a modern-looking white room with large windows and glass door opening on to a garden
Nationwide said its research had found that half of those doing building projects had already had to reduce or shelve their plans due to finances. Photograph: Reeldeal Images/Alamy

Nationwide building society has doubled the maximum personal loan it will offer borrowers to £50,000, citing the continued increase in building costs as the reason for the change.

The society previously offered up to £25,000 for qualifying customers but said this was no longer enough to fund some home improvement projects.

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