|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
30th of December 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

News Tag: building society

November 23, 2010

Nationwide first-half profits up 26%

by Kay Murchie
”Nationwide
Britain’s largest building society, Nationwide, has today posted a surge in first half profits. Nationwide said pre-tax profits for the six months to September 30 were £147 million, up from £117 million in the same period a year ago. The company, which is the country's second-biggest mortgage lender, added that bad debts dropped by 44% to £179 million as lending remained tight. Meanwhile, it ...




November 20, 2009

Nationwide posts 62% fall in H1 profits

by Kay Murchie
”Nationwide
Britain’s largest building society, Nationwide, posted a slump in first half profits and provided a gloomy assessment of the housing market as it unveiled its results. Nationwide said pre-tax profits for the six months to September 30 were £143 million, a fall of 62% compared with the £374 million posted a year earlier. The company attributed the fall to the low ...




September 9, 2009

Nationwide boosts bond rates

by David Masters
”Nationwide
Nationwide has increased the interest rates on a range of its one-year savings bonds. The building society now pays interest at up to 4.25% on the bonds. Savers with a one year fixed-rate bond or e-Bond will now be paid 3.25% interest for balances above £10,000, and 3% for balances below £10,000. Meanwhile, customers with a balance of £10,000 or more in Nationwide's Guaranteed Savings Bond ...




The Nottingham launches financial planning arm

by David Masters
”The
The Nottingham has announced plans to provide pensions, investments, and insurance products in its 32 branches across the East Midlands. Branch-based financial advisers will advise customers on the best products to meet their needs. The building society said the new products are part of its plans to expand and evolve, and will help it to counter a "personal finance black hole" in the ...




June 26, 2009

Nationwide launches exclusive members’ zone

by David Masters
Nationwide launches exclusive members' zone
Nationwide this week unveiled a new members' zone on its website, exclusively available to all customers of the Nationwide Group. Accessible from the Nationwide homepage, the portal provides a one-stop-shop for news updates, member events, and information about what it means to be part of the Nationwide Group. Podcasts and videos are available on the site, addressing issues that members have told Nationwide are ...




April 3, 2009

Nationwide provides £3.2m to help victims of recession

by David Masters
”Nationwide
Nationwide has launched a £3.2 million programme of charitable grants to help the most vulnerable and excluded in society. The Nationwide Foundation said the money is to help those facing financial difficulty or homelessness because of the recession. Housing, homelessness, and financial exclusion charities can all apply to the new fund. In particular, the fund is designed to support charities working with ...




Nationwide reduces personal loan rate to 8.2%

by David Masters
Nationwide reduces personal loan rate to 8.2%
Nationwide has announced that it has cut the interest rate on its personal loans to 8.2% APR typical. Nationwide said this rate is the most competitive available from a high street provider. The rate is available to Nationwide customers with a FlexAccount debit card or mortgage taking out a loan of between £7,500 and £14,999. The loan can be taken out in a ...




March 26, 2009

Nationwide launches 4.15% five year bonds

by David Masters
Nationwide launches 4.15% five year bonds
Nationwide has unveiled two new five year fixed-rate bonds, paying interest at up to 4.15% gross p.a./AER. The building society yesterday launched both the Five Year Fixed Rate Bond and the Five Year e-Bond to new and existing customers. Andy McQueen, Nationwide's savings and mortgages director, said: "I'm delighted to announce the launch of our new Five Year Fixed Rate Bond and Five ...




March 19, 2009

New HIPs law will slow down house sales

by David Masters
New HIPs law will slow down house sales
New government legislation on Home Information Packs (HIPs) will cause home sellers 'significant delays' in getting their property to market, The Nottingham warned this week. The East Midlands-based building society warned that the new legal status of HIPs will make home-selling a 'major logistical exercise'. From 6 April, all home sellers will be required to have a completed HIP available before ...




March 2, 2009

Skipton profits plunge 86%

by David Masters
Skipton profits plunge 86%
Skipton Building Society has reported a staggering 86% drop in yearly pre-tax profit, down to £22.5 million in 2008 compared to £163.9 million in 2007. The steep drop was blamed on a 'whirlwind year' that saw the worst housing crisis in a generation coupled with the cost of compensating savers at failed banks. The UK's seventh largest building society said it was hit hard by ...




February 2, 2009

Nationwide cuts interest on savings

by David Masters
Nationwide cuts interest on savings
Nationwide Building Society has announced interest rate cuts on the majority of its current accounts. Nationwide said the change follows the Bank of England's base rate cut last month. The building society assured savers that none of the cuts will be more than 0.5%, and that some of the cuts will be less. On average, Nationwide savers will now be paid an average of 0.41% ...




September 4, 2008

New mortgage deals from Leeds, Yorkshire and Skipton

by Gill Montia
New mortgage deals from Leeds, Yorkshire and Skipton
Leeds Building Society is introducing a new range of fixed-rate mortgages. Rates start at 5.95% and a maximum loan-to-value (LTV) ratio of 90% can be accommodated in the offering of two and three-year fixed-rate home loans. No fees are applied to three-year fixed-rate deals and the building society is offering in-house legal services for remortgages, plus a free valuation ...