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The Latest Breaking News from Nationwide

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

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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)

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 Guardian - UK

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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 Independent 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%

The Guardian - 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

The Independent UK

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

Evening Standard

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

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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%

The Guardian - UK

Nationwide launches 8% account as battle for UK’s savings intensifies

Building society’s regular saver for current account holders is one of a growing number paying 6% interest or more

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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news in one place.

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The Guardian - UK

Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

The Guardian - UK

UK mortgage war ‘under way’ as lender offers 4.99% fixed rate

Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soon

The Guardian - UK

UK house prices tumble 4.6% in year to August; pound at lowest since June – as it happened

UK house prices are falling at fastest pace since 2009 on annual basis, reports Halifax, down in every region

Evening Standard

NatWest and HSBC cut mortgage interest rates again, and brokers predict other top lenders will follow

The UK’s top lenders have now been cutting mortgage rates for six weeks

The Guardian - UK

Ex-Nationwide teller in London jailed for part in £130,000 bank fraud

Nathan Gilbert, of Enfield, changed the account details of customers and fraudulently issued passbooks

The Independent UK

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

The Guardian - UK

UK on recession alert after big falls in factory output and house prices

Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates

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