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The Latest Breaking News from Nationwide Building Society

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

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

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?

Evening Standard

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‘Missed opportunities’ to help first-time buyers in the Spring Budget 2024

First-time buyers will be disappointed that some changes were not made in the Budget, some commentators said

Evening Standard

Nationwide swoops on Virgin Money in controversial £2.9 billion deal

Deal lands £414m windfall to Richard Branson’s Virgin Group

Evening Standard

Nationwide Building Society ATM cash withdrawals rise for second year in a row

Some 31.36 million cash withdrawals were made from Nationwide’s network of more than 1,200 ATMs in 2023.

The Independent UK

Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors

The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.

International Business Times UK

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Nationwide Building Society puts 470 staff on redundancy notice

Cuts mainly at HQ, retail and mortgage divisions come days after ‘return to the office’ policy emerged

The Guardian - UK

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

Nationwide members made 9.92 million purchases on Friday, which the bank said is equivalent to more than 114 transactions every second.

The Independent UK

Black Friday set to be ‘busiest ever’ as spending beats last year

Nationwide Building Society said that sales volumes on Friday show people have been making more purchases than this time last year.

The Independent UK

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

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

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.

The Independent UK

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The Independent UK

Living costs make 86% of new students ‘more worried about university’

Over seven in 10 new students considered living at home during first year due to money concerns, survey says

The Independent UK

86% of new students ‘say living costs made them more worried about university’

Just over seven in 10 new students considered living at home during the first year due to money concerns, according to Nationwide.

The Independent UK

What are the best savings account offers as Nationwide launches 8% with £200 bonus

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

The Independent UK

Nationwide Building Society launches 8% savings rate and £200 switching offer

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

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The Independent UK

What are the best savings account offers as Nationwide launches 8% with £200 bonus

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

The Independent UK

32% of people ‘have £100 or less left in their account at end of each month’

One in 11 people said they have no money left in their account at the end of the month, according to Nationwide Building Society.

The Independent UK

28% of disabled people ‘have seen finances hit by lack of ease contacting firms’

Experian has launched a support hub to act as a ‘one-stop’ portal for people to give their contact preferences for several businesses.

The Independent UK

Nationwide Building Society launches 8% savings rate and £200 switching offer

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

The Independent UK

Sharp drop in UK house prices as rising cost of borrowing hits market

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

The Independent UK

House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Independent UK

Santander to cut selected mortgage rates from Monday

Halifax, NatWest, First Direct, HSBC UK, Nationwide Building Society and TSB have also been among the lenders to announce mortgage rate reductions.

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