MoneySavingExpert News
Nationwide
Nationwide will raise the fee on its popular FlexPlus packaged bank account from £13 a month to £18 a month in December, the building society has announced. If you've got the account, it's likely worth sticking with it for now – though you should remember to look at alternatives when the new fee kicks in. Here's what you need to know.
5 September 2024
If you're a Halifax or Lloyds mortgage borrower you'll soon only be able to lock in a new rate up to four months ahead of your current deal ending – down from six months. It means you've less time to insure yourself against rates rising before your existing mortgage comes to an end – though rates have been on a downward trajectory for the past few months.
3 September 2024
Over 4,700 people have signed a petition calling on Nationwide – a building society owned by its customers, who are known as members – to let them vote on its decision to buy rival lender Virgin Money. The petition argues there's "no guarantee" the proposed £2.9 billion deal will benefit members "in any way", though Nationwide says the move will enable it to offer "better mortgages and savings rates".
30 April 2024
Virgin Money savers and borrowers are set to become Nationwide customers as the lenders have agreed a deal for the building society to take over the bank. It's still early days, but under the plans the Virgin Money brand will eventually be phased out – though there's NO change for existing customers right now.
22 March 2024
If you get a £100 payment into your Nationwide current account over the next couple of weeks, don't worry – it's not a scam. The building society is making the payments to millions of its current account customers who also have savings or a mortgage with it. Here's what you need to know.
13 June 2023
Flat-owners impacted by the cladding crisis in England may now be able to sell or remortgage their homes, with six major lenders agreeing to offer mortgages under new industry guidance. But the measures only cover properties in buildings of 11m and over and so not everyone affected will benefit – and we're yet to see how it will work in practice. Here's what we know so far.
10 January 2023
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