House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
Nationwide customers face online banking delays for the fourth time in three months February 28, 2022 Nationwide was hit with another outage this morning, with many users on social media complaining about payment and transfer delays.
High volumes of transactions force Nationwide to ‘queue’ inbound payments after 10m transfers overnight January 4, 2022 Following news that customers of Nationwide were unable to carry out any payments, the third time this month, thousands of angry Brits took to social media to demand an explanation. This afternoon, the bank explained to City A.M. that it took the decision to “queue” inbound faster payments, where money is sent to and from [...]
TSB’s Debbie Crosbie becomes Nationwide’s first female chief exec December 3, 2021 Nationwide Building Society, Britain’s second-biggest provider of home loans, said this morning it has appointed Debbie Crosbie as its new chief executive officer. Crosbie, who is currently the chief exec of Spain’s Sabadell’s TSB unit, will take over from Joe Garner in the new year. She will be the group’s first female executive director, Nationwide [...]
First time buyers face significant barriers as earnings lag behind soaring house price growth November 25, 2021 First time buyers are facing significant hurdles to raising a deposit as they come up against high prices relative to average earnings. House price growth has surpassed earnings growth over the past year and the ratio of house prices to earrings has hit a record high, the Nationwide House Price Index set out. A 20 [...]
Nationwide profit more than doubles as UK economy recovers November 19, 2021 Nationwide has reported that its profits more than doubled for the half-year, amid the UK's economic recovery.
Rising construction costs will led to further house price growth September 30, 2021 House prices are expected to further soar thanks to increasing construction costs. Annual house price growth eased to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society. London was the weakest performing area of the UK in the third quarter of 2021 while the average UK house price [...]
Nationwide CEO stepping down after five years at the helm September 23, 2021 Nationwide Building Society’s chief executive Joe Garner is stepping down after more than five years at the helm. The lending giant said the plan will “support an orderly transition to new leadership” in what will mark a clean sweep at the top as chairman David Roberts also heads for the exit. Nationwide announced that Kevin [...]
House prices: Growth rates surge across UK, with London homes averaging £509,000 June 29, 2021 UK house prices: Growth rates surge across UK, with London homes averaging £509,000
Consumer credit borrowing exceeds repayments for first time since August June 29, 2021 Households borrowed more in consumer credit than they repaid in May for the first time since August, according to Bank of England data published on Tuesday. Net consumer credit was £280m in May, reversing a trend seen throughout the majority of the pandemic as households reined in spending whilst the economy was shuttered. The positive [...]