London house prices up 1.6% but first-time buyers struggle to afford high mortgage rates Mortgage rates are still hovering around 5%, leaving buyers struggling to pass mortgage affordability checks Evening Standard · Jul 1, 2024
UK house prices still unaffordable for many people, says Nationwide High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation The Guardian - UK · Jul 1, 2024
The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs The Guardian - UK · Jul 1, 2024
HSBC, Virgin Money and Nationwide customers hit by banking glitches on pay day Customers have been unable to access their accounts online to make payments The Independent UK · Jun 28, 2024
Nationwide cites inflation for sudden pet coverage cancellations The nation’s biggest provider of pet insurance cited the escalating cost of veterinary care and other factors cutting into its profits as the reason for its decision The Independent UK · Jun 18, 2024
Ethical banking in the UK: how to put your everyday account to good use With spotlight on investments behind banks, we ask whether three top providers still offer a good deal The Guardian - UK · Jun 15, 2024
Virgin Money profits edge up ahead of Nationwide deal Nationwide members to the competition watchdog in bid to stop deal Evening Standard · Jun 13, 2024
US dollar rallies as strong jobs report dampens rate cut hopes – as it happened US economy created many more jobs than expected in May, but unemployment rate has risen to 4% The Guardian - UK · Jun 7, 2024
Will the general election impact house prices? Nationwide announced that UK house prices saw a modest bounce back in May The Independent UK · May 31, 2024
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 · May 31, 2024
Watchdog launches investigation into Nationwide’s Virgin Money takeover The CMA said it is considering whether the deal could ‘result in a substantial lessening of competition’ within the UK market. The Independent UK · May 31, 2024
Nationwide sees higher wages give a small Spring boost to property market Prices rose at a higher annual rate of 1.3% in May says lender Evening Standard · May 31, 2024
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 · May 31, 2024
Nationwide blocked my debit card and won’t tell me why Its fraud team couldn’t resolve the matter and I’m running out of money The Guardian - UK · May 30, 2024
The Guardian - UK · May 26, 2024 House price growth in rural areas outstrips towns in Great Britain Countryside semis are strongest-performing property type, with average price up 22% over five years
The Independent UK · May 26, 2024 Rural areas ‘have seen strongest house price growth over last five years’ Increased demand for properties in rural areas was part of the ‘race for space’ seen during the coronavirus pandemic, Nationwide said.
The Guardian - UK · May 24, 2024 Co-op bank brand may disappear within years in Coventry Building Society deal New owner leaves door open to dropping ethical bank’s name after £780m agreement that will create lender with 5m customers
The Independent UK · May 23, 2024 Nationwide offers £100 cash gift to members after £2bn profit bonanza Nationwide decided in March this year to buy rival lender Virgin Money for around £2.9 billion
Evening Standard · May 23, 2024 Nationwide profits slip but new member benefits promised Nationwide profits slipped by £200m to £2bn for the year to April it said today, one day after Virgin Money shareholders backed the £2.9bn takeover by the society.
The Guardian - UK · May 22, 2024 Virgin Money shareholders vote for Nationwide takeover by big majority The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale
The Guardian - UK · May 20, 2024 ‘Free money’ and 10% interest: carrots UK banks are dangling to get you to switch Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached
The Guardian - UK · May 18, 2024 Nationwide doubles maximum personal loan to £50k amid rising building costs Previous £25,000 maximum no longer enough to fund some home improvements, says building society
Fortune · May 17, 2024 Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to 2000 levels Branson took a $126 million hit to his fortune last year as he continued to fight several fires at his Virgin Group.
The Guardian - UK · May 6, 2024 Savills says UK house prices will rise this year in U-turn on earlier forecast Lower mortgage rates prompt property firm to change its outlook from 3% drop to a 2.5% increase
Evening Standard · May 1, 2024 House prices fall again as mortgage rates spike Lenders, including in the past few days, NatWest, Santander and Nationwide, have been increasing their mortgage rates