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The Latest Breaking News from Nationwide

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

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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

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

The Independent UK

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

Evening Standard

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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 Guardian - 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

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

The Guardian - UK

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

Evening Standard

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 Independent 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 Guardian - UK

Nationwide to close Dunfermline headquarters

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

The National (Scotland)

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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

The Independent UK

Relief for homeowners and buyers as lenders cut mortgage rates

After the Bank of England brought an end to a devastating series of interest rate hikes, lenders including NatWest, TSB, Nationwide and Virgin Money have cut mortgage rates

The Guardian - UK

UK recession risk mounts as business falters; mortgage lenders cut rates – as it happened

Business activity shrinks at fastest pace since financial crisis excluding Covid months; some fixed five-year mortgage rates dip below 5%

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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

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

How interest rates announcement will affect mortgages and savings

There is light at the end of the tunnel for mortgage holders but savers face lower rates

Evening Standard

Nationwide cuts mortgage rates within hours of Bank of England pausing hikes

The Bank of England ended its cycle of 14 consecutive rate hikes today

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 Guardian - UK

Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

BoE policymakers were split 5-4 on interest rates this month, with a narrow majority voting to leave Bank rate at 5.25%

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