Nationwide is one of the biggest lenders in the country. Its board and management is trying to rush through a deal to that is likely to line billionaire Richard Branson’s and other Virgin Money shareholders pockets, ignoring whether that might jeopardise their own customers being able to make mortgage payments and keep their homes in the future.
Nationwide is one of the safest lenders in the UK, it provides 1 in every 10 mortgages and offers some of the best deals. It doesn’t have shareholders as it is a building society, not a bank - in fact if you’re a customer, you are actually an owner of the society through your membership. It is also a rare voice in the UK for not closing branches.
