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News Tag: Nationwide

December 3, 2012

Nationwide lends £2.5 billion to first-time-buyers

by Jan Harris
Nationwide lends £2.5 billion to first-time-buyers
Nationwide Building Society lent £2.5 billion to 20,000 first time buyers in the first six months of 2012-13. This is double the amount it lent in the first half of the 2011-12 financial year and nearly as much as it lent to 24,000 first time buyers in the whole of the year. In proportion to its size, the building society would be ...




October 22, 2012

Nationwide may bid for RBS branches

by Jan Harris
Nationwide may bid for RBS branches
There is growing speculation that Nationwide building society may be considering a bid for the 316 branches being sold by RBS group under EU rules. RBS was ordered to sell the branches under the terms of the £45 billion bailout it received from the UK government during the financial crisis. It had planned to sell the branches to Santander, but the ...




May 25, 2012

FSA rules out ban on interest-only mortgages

by Jan Harris
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because of the weak economy and some ...




April 2, 2012

Hometrack reports increase in house prices

by Jan Harris
Hometrack reports increase in house prices
House prices increased by 0.2 per cent across the UK in March, according to property analytics business Hometrack, representing the first price rise in 20 months. The increase was helped by increased demand from first time buyers, a scarcity of homes on the market and strong interest in properties in London from overseas buyers. First time buyers boosted the figures prior to ...




March 20, 2012

Nationwide restricts interest-only mortgages

by Jan Harris
Nationwide restricts interest-only mortgages
The Nationwide Building Society has become the latest lender to tighten lending criteria on interest-only mortgages, which are estimated to account for around 40 per cent of mortgages in Britain. The building society currently offers interest-only mortgages to residential customers with 25 per cent equity in their property. From tomorrow, only customers with 50 per cent equity will be eligible for this type of ...




January 18, 2012

Nationwide re-launches 0% purchase credit card

by Jan Harris
Nationwide re-launches 0% purchase credit card
Nationwide has re-launched its Select Visa credit card which offers 0%-on-purchases for 18 months – the longest period currently available on the market for a 0% deal. Cardholders also benefit from commission-free purchases while they are abroad and 0.5% cashback. Balance transfers are eligible for the 0% interest deal, but for 17 months rather than 18 and there is a 2.95% balance ...




November 7, 2011

Halifax and Nationwide launch new ISAs

by Jan Harris
Halifax and Nationwide launch new ISAs
Halifax has improved its ISA offering with a better return on its five year fixed rate product. The ISA now pays 4.4 per cent, strengthening its position as the market leading long term fixed rate ISA. The product is an excellent option for savers who do not mind their savings being tied up for the five-year period. However, savers wishing to make ...




Nationwide ‘On Your Side’ with credit card reward scheme

by Jan Harris
Nationwide ‘On Your Side’ with credit card reward scheme
As part of its ‘On Your Side’ campaign Nationwide Building Society has launched a credit card reward scheme which should make shopping more enjoyable for its customers. The scheme, which is available to the building society’s Visa debit and credit card customers, is designed to help their money go further. It offers discounts at several leading retailers, with the ...




November 1, 2011

Nationwide: House prices rise 0.4% in October

by Kay Mitchell
”Nationwide:
The latest house price index from the Nationwide Building Society has revealed prices rose by 0.4% in October on a monthly basis. On an annual basis, house prices are now 0.8% higher than this time last year – representing the first yearly rise in six months – with the average UK home costing £165,650. However, when comparing prices in the three months ...




October 6, 2011

Halifax reports 0.5% fall in September house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices fell by 0.5% in September on a monthly basis and follows a 1.2% fall in August. The latest fall takes the average cost of a UK home to £161,132, the Halifax said. On an annual basis, meanwhile, prices are 2.3% lower, said the lender, which is now part of the Lloyds Banking Group. When ...




September 7, 2011

Halifax reports 1.2% fall in August house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices fell by 1.2% in August on a monthly basis – reversing the gains noted in the previous three months. The latest fall takes the average cost of a UK home to £161,743, the Halifax said. However, on an annual basis, prices are 2.6% lower, said the lender, which is now part of ...




September 1, 2011

Nationwide: House prices down 0.6% in August

by Kay Mitchell
”Nationwide:
The latest house price index from the Nationwide Building Society has revealed prices fell by 0.6% in August on a monthly basis – the fastest pace since October 2010. On an annual basis, house prices are now 0.4% lower than this time last year with the average UK home costing £165,914. The latest figures suggest the housing market will remain subdued ...




August 25, 2011

Consumer confidence slips

by Gill Montia
Consumer confidence slips
Consumer confidence slipped by two points in July, according to Nationwide's index, returning to a level seen in the post-Christmas gloom of January. At 49 points, the lender's main confidence index remains well below its long-run average of 79, and the building society is not expecting a substantial improvement during the remainder of this year. Over half of those surveyed were shying away from major purchases, ...




August 5, 2011

Halifax reports 0.3% rise in July house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices rose by just 0.3% in July on a monthly basis – the third consecutive monthly rise. The latest rise takes the average cost of a UK home to £163,981, the Halifax said. However, on an annual basis, prices are 2.6% lower. When comparing prices in the three months to the end of ...




July 29, 2011

Nationwide: House prices edge 0.2% higher in July

by Kay Mitchell
”Nationwide:
The latest house price index from the Nationwide Building Society has revealed house prices crept up by 0.2% in July. On an annual basis, house prices are now just 0.4% lower than this time last year with the average UK home costing £168,731. The housing market remains subdued as a lack of buyers, together with the ongoing lack of mortgage ...




July 6, 2011

Halifax reports 1.2% rise in June house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices rose by 1.2% in June on a monthly basis. The rise represented the biggest month-on-month gain since October and takes the average cost of a UK home to £163,049, the Halifax said. However, on an annual basis, prices are 3.5% lower. When comparing prices in the three months to the end of June ...




June 30, 2011

Nationwide: House prices unchanged in June

by Kay Mitchell
”Nationwide:
The latest house price index from the Nationwide Building Society has revealed house prices remained unchanged in June after a 0.3% rise in May – in line with expectations. On an annual basis, house prices are now 1.1% lower than this time last year with the average UK home costing £167,208. The housing market remains subdued as a lack of buyers, together ...




May 30, 2011

Hometrack: Housing demand remains weak

by Kay Mitchell
”Hometrack:
According to housing intelligence group, Hometrack, house prices in England and Wales fell at their fastest annual pace since October 2009 last month. According to Hometrack, house prices fell by 0.1% on the month and are 3.7% lower on the year. House prices have now fallen for 10 consecutive months, according to the group. Hometrack attributes the fall to weak demand for housing on ...




May 27, 2011

Nationwide: House prices rise 0.3% in May

by Kay Mitchell
”Nationwide:
The latest house price index from the Nationwide Building Society has revealed a 0.3% rise for the month of May compared with April. The latest fall means house prices are now 1.2% lower than this time last year with the average UK home costing £167,208. Despite the rise, the housing market remains subdued as a lack of buyers, together with the ongoing ...




May 19, 2011

UK consumer confidence falls in April

by Kay Mitchell
”UK
The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of April. The building society’s consumer confidence index dipped to 43 last month, from March’s upwardly revised figure of 45. The index remains just 4 points above February’s all-time low and is way below the index average of 81. Nationwide attributed the fall to ...