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Financial Services Press Releases from BCE Media. Financial services products incorporate mortgages, savings, investments, insurance, credit cards, loans, etc. These releases will contain details of lowest rate loans, best credit card transfer balances, etc. For all BCE Media Financial Services Press Releases use the categories to the right, scroll down or click on an individual title to open that release in a separate page.

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Nationwide Savings Accounts & Bonds Range Expands

January 15th, 2011

NATIONWIDE BUILDING SOCIETY INCREASES CHOICE FOR SHORT-TERM SAVERS
Nationwide re-introduces six month Fixed Rate Bond and e-Bond

On Friday 14 January 2011, Nationwide Building Society re-introduced a six-month savings Bond and a six-month e-Bond into its fixed term savings accounts portfolio. Both of these savings bonds offer both annual and monthly interest options. Details of new rates for the Society’s one-year Tracker Bond and one-year Tracker e-Bond are also announced today.

The new rates for annual interest are:

Six-month Fixed Rate Bond paying between 1.75% and 2.00% gross p.a. (1.76% to 2.01% AER).
Six-month Fixed Rate e-Bond paying between 1.85% and 2.10% gross p.a. (1.86% to 2.11% AER).
One-year Tracker Bond paying between 2.25% and 2.50% gross p.a./AER.
One-year Tracker e-Bond paying between 2.35% and 2.60% gross p.a./AER.

The interest rates for the following Nationwide accounts remain unchanged:

One, three and five year Fixed Rate ISAs, continuing the Society’s Savings Promise to guarantee our Fixed Rate ISA rates will match or beat our equivalent Bond rates.
One, two, three and five year e-Bonds.
One, two¹, three and five year Fixed Rate Bonds.
One and three-year Combination Savings Bonds.

Robin Bailey, Nationwide’s director of savings, said: “With interest rates expected to rise at some point during the year, short term fixed rate Bonds are often a good option for the more cautious saver. The addition of six month options to our Fixed Rate Bonds portfolio emphasises our commitment to savers whether they are saving for the short, medium or long-term.”

About Nationwide Building Society
Nationwide Building Society (http://www.nationwide.co.uk) is the UK’s largest building society and the third largest mortgage lender and savings provider. It has around 15 million customers and assets of almost £200 billion.
The society has a number of personal financial service offerings such as mortgages and remortgages, savings, loans, investments and credit cards, in addition to a range of cover policies for home, travel and commercial premises insurances.
The Nationwide Building Society also publishes a number of key economic indicators such as The House Price Index (HPI).

Tags: fixed term savings, Nationwide Building Society, savings accounts, savings bonds
Posted in Financial Services, Savings | No Comments »

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Nationwide UK House Prices Rise December 2010

January 2nd, 2011

Nationwide Building Society releases details of UK house prices starting to increase at the end of 2010.

House prices rose by a modest 0.4% in December
House prices essentially unchanged for the full year 2010

Headlines	December 2010	November 2010
Monthly index*	328.5	327.2
Monthly change*	0.4%	-0.3%
Annual change	0.4%	0.4%
Average price	£162,763	£163,398

* seasonally adjusted

Commenting on the figures Martin Gahbauer, Nationwide’s Chief Economist, said:

“The seasonally adjusted price index for a typical UK property rose by 0.4% month-on-month in December, after having posted declines in the previous two months. The three month on three month rate of change – which smoothes out the monthly volatility of house prices and is a better indicator of the recent trend – rose from -1.3% in November to -1.0% in December and is still consistent with modestly declining house prices. For 2010 as a whole, house prices posted an unremarkable gain of 0.4%, as most of the price increases from the first half of the year were reversed during the second half. The essentially flat outcome for the full year is in line with expectations.

“When house prices are trending down only modestly rather than decisively – as has been the case in recent months – it is not unusual to a see a mixed pattern of monthly declines and occasional increases. Despite December’s increase, house prices have fallen in four out of the last six months and it would be premature to suggest that the recent downward trend has been broken on the basis of one month’s figures. However, the December figures do underscore the fact the current downtrend is only very modest, particularly when seen in comparison to the second half of 2008. During this period, the three month rate of change dropped to as low as -5.5%.”

For further information, see the December Hour Price Index report.

Tags: House Price Index, Nationwide Building Society, Nationwide HPI
Posted in Financial Services, mortgages | No Comments »

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Nationwide’s Loyalty Cash ISA & Bonds Update

December 19th, 2010

Nationwide Building Society’s three-year Christmas Loyalty ISA savings account and three-year Christmas Loyalty Bond were withdrawn from sale at the close of business on Wednesday 15 December.

These products were originally launched to coincide with and reinforce one of Nationwide’s recently launched Savings Promises: to reward existing savers with exclusive savings products.

Robin Bailey, Nationwide’s director of savings, said: “Nationwide is committed to providing the best deals to those people who are prepared to have a long, deep and more committed relationship with us, which is why we introduced the Christmas Loyalty Bond and Christmas Loyalty ISA.

“Since these products were introduced on 24 November 2010, they have been a great success for not only us, but also for over 50,000 customers who have been able to take advantage of a market leading rate. Although these particular products are being withdrawn, Nationwide will continue to maintain the parity between its Fixed Rate ISA rates and their equivalent Bond rates and continue to reward existing savers. This is why products, only available to existing customers, will regularly form part of our product range.”

About Nationwide Building Society
Nationwide Building Society (http://www.nationwide.co.uk) is the UK’s largest building society and the third largest mortgage lender and savings provider. It has around 15 million customers and assets of almost £200 billion.
The society has a number of personal financial service offerings such as mortgages and remortgages, savings (including cash ISA savings accounts and Bonds), loans, investments and credit cards, in addition to a range of cover policies for home, travel and commercial premises insurances.
The Nationwide Building Society also publishes a number of key economic indicators such as The House Price Index (HPI).

Tags: Cash ISAs, isa savings account, Nationwide Building Society, nationwide cash isa, savings bonds
Posted in Financial Services, Savings | No Comments »

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Nationwide’s Protector Mortgage Update

December 18th, 2010

Nationwide Building Society’s Protector Mortgage with free mortgage payment protection insurance (MPPI) was withdrawn from sale at the close of business on Thursday 16 December 2010.

The Protector Mortgage was part of a range of current account offers called ‘Flexclusives’ – exclusive deals for holders of Nationwide’s current bank account. The Society continues to offer a number of other deals and offers, including:

Free standard legal & free standard valuation fees for homebuyers
Access to mortgages up to 90% LTV
Flexible Mortgage, which allows unlimited overpayments, the ability to underpay once a reserve is built and freedom to switch deals without an Early Repayment Charge (conditions apply)

These Flexclusives are reviewed on a regular basis and could change at short notice.

Nationwide Protector Mortgage

Exclusive for main FlexAccount customers
Two-year fixed interest rate
Two-year free MPPI

Tags: Nationwide Building Society, nationwide mortgages, nationwide remortgages, protector mortgage
Posted in Financial Services, mortgages | No Comments »

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Nationwide’s TMW reduces Buy To Let Mortgage Rates

October 12th, 2010

Nationwide Building Society

THE MORTGAGE WORKS MAKES ADDITIONAL IMPROVEMENTS TO ITS BUY TO LET PRODUCT RANGE

With effect from today, The Mortgage Works will be making selected changes to its Buy to Let product range.

The changes to existing products:

Two-year fixed rate Buy to Let mortgage, reduced from 4.99% to 4.79%, 70% LTV and with a 2.50% fee.
Two-year fixed rate Buy to Let mortgage, reduced from 5.19% to 4.99%, 75% LTV and with a 2.50% fee.
Three-year fixed rate Buy to Let mortgage, reduced from 5.49% to 5.39%, 75% LTV and with a 2.50% fee
Two-year fixed rate Let to Buy mortgage, reduced from 5.39% to 5.09%, 75% LTV and with a 2.50% fee
Three-year fixed rate Let to Buy, reduced from 5.69% to 5.49%, 75% LTV and with a 2.50% fee.
Two-year fixed rate First Time Landlord mortgage, reduced from 5.39% to 5.09%, 75% LTV and with a 2.50% fee.
Three-year fixed rate First Time Landlord mortgage, reduced from 5.69% to 5.49%, 75% LTV with a 2.50% fee.

The additions to the Buy to Let product range are:

A new Let to Buy two-year fixed rate mortgage at 4.89%, 70% LTV and 2.50% fee.
A new First Time Landlord two-year fixed rate mortgage at 4.89%, 70% LTV and 2.50% fee.

Tracie Pearce, Head of Products for The Mortgage Works said: “These changes further demonstrate the competitiveness of TMW’s product offering, and improve the chances of first time landlords getting into the buy to let market. We know that throughout these challenging times, landlords want a greater choice of competitive products and these new enhancements will do just this, ensuring that TMW remains the market leading partner of choice for intermediaries and landlords.”

Contact: Tracie Pearce, The Mortgage Works, Nationwide Media Centre

Tags: BTL mortgages, Buy to Let Mortgages, Nationwide Building Society, nationwide mortgages
Posted in Financial Services, mortgages | No Comments »

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Nationwide Raises New Online Savings Account Interest Rate

October 11th, 2010

Following a successful pilot of its new online savings account, MySave Online Plus, Nationwide Building Society will increase the bonus for customers making no more than one withdrawal a year, to 1.10% gross p.a., bringing the overall rate paid, including bonus, to 2.60% gross p.a./2.63% AER (variable). The new rate comes into effect on Thursday 7 October for new customers and for those who have opened the account during the pilot period.

Customers who wish to make more than one withdrawal a year can do so, but will receive a lower rate in the month they make a withdrawal.

MySave Online Plus is available to anyone with a UK account that accepts direct debits. This will be used to transfer money in and out of MySave Online Plus. Opening the account is quick and easy and can be completed online in minutes. The minimum opening balance is £1,000 and the maximum investment is £3 million.

Robin Bailey, Nationwide’s savings director said: “Our new account is great for anyone who wants the freedom and flexibility of managing their money online. It is quick and easy to open, while the rate compares well with similar accounts on the market.”

Nationwide Divisional Director of Investments and Savings, Robin Bailey

Director for Savings & Investments, Robin Bailey

Contact: Mark Evans

Nationwide Media Centre

Tel: 01793 655198

Tags: online savings account, Savings Account, savings interest rate
Posted in Financial Services, Savings | No Comments »

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Nationwide Building Society Consumer Confidence Index

October 11th, 2010

NATIONWIDE CONSUMER CONFIDENCE INDEX
September 2010 Index to be released on 13 October 2010

The Nationwide Consumer Confidence Index for September will be released on Wednesday 13th October 2010. The Index provides a comprehensive analysis of UK consumers’ attitudes to the economy, employment and spending.

Contact: Mark Evans

Nationwide Media Centre

Tel: 01793 655198

Tags: consumer confidence, Consumer Confidence Index
Posted in Financial Services | No Comments »

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Nationwide’s TMW strengthens Buy To Let Mortgage Portfolio

October 7th, 2010

The Mortgage Works (TMW) is today strengthening its buy to let product offering by enhancing its existing range of mortgages as well as introducing a new set of products as it continues its commitment to expanding and increasing competitive mortgage solutions for intermediaries.

Key introductions to the buy to let range include:

New one and two-year tracker mortgages at 70% LTV, with rates starting at 3.39%.
A two-year fixed rate option with 0% arrangement fee now available at up to 70% LTV.
The expansion of the longer term product range with the introduction of a four-year fixed rate (up to 75% LTV) and a five-year fixed rate (up to 80% LTV).
The introduction of a £1,000 cashback option for HMO applications.

Key enhancements to the buy to let range include:

One-year fixed and tracker remortgages options at 70% LTV, now available at 3.99%, with free standard valuation and standard legal fees.
Tracker rates improved by up to 0.15% across the range.
A free standard valuation option available for house purchase customers when they select TMW’s two-year fixed rate mortgage at 60% LTV with a 0% arrangement fee.
Significant rate improvements across all HMO and Limited Company products.

In addition, TMW will be offering:

All customers in Scotland the option of selecting from its range of remortgage products with free standard valuation and free standard legal fees.
Buy to let customers access to a greater choice of trackers with a ‘Switch to Fix’ facility.

Tracie Pearce, Head of Products for The Mortgage Works said: “The Mortgage Works is committed to considering the challenges that landlords face both now and in the future and is continually looking for ways to provide them with a greater choice of innovative and common sense alternatives. With new providers entering the market recently, our aim is to remain one of the leading players and provide one of the most competitive offerings in the market, which these new changes will help us to achieve.”

Nationwide Media Centre

Tel: 01793 655198

Tags: BTL mortgages, Buy to Let Mortgages, mortgages
Posted in Financial Services, mortgages | No Comments »

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Record Attendance for Nationwide Building Society TalkBack Event

October 6th, 2010

Nationwide Building Society hosted a TalkBack event in Bournemouth where members from the areas exchanged news and views with Nationwide directors.

The event on 30th September attracted 140 Nationwide Members and covered the building sociey’s recent performance and focused on local items and investments, which included £70 million lent to housing associations and £57 million for a police / fire station in the area.

Q & A sessions covered items such as local facilities, savings and mortgage rates and some Nationwide initiatives designed to help members.

Attendee, Mr Taylor from Ringwood, said: “I attended with a number of issues that made me angry and disappointed with Nationwide. I left with a lot more understanding …’

The next talkback is in Glasgow on 4th November and then Bath on 2nd December.

Contact: Mark Evans

Nationwide Media Centre

Tel: 01793 655198

Tags: Nationwide Building Society
Posted in Financial Services | No Comments »

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Nationwide Cuts Personal Loan Rate to 7.5%

October 4th, 2010

Nationwide Building Society is today cutting its personal loan rate to 7.5% APR typical, making it the UK’s lowest personal loan rate. This rate is for loans of up to five years between £7,500 and £14,999¹ for its main FlexAccount customers (Nationwide’s banking account). At the same time, Nationwide is also cutting the rate offered via moneysupermarket.com to 0.1% above its headline rate. This rate is for people who do not have a Nationwide current bank account. The moneysupermarket.com exclusive offer applies to loans between £7,000 and £14,999¹ for a term of up to five years.

The new rate of 7.5% APR typical for FlexAccount holders is the UK’s lowest personal loan rate and the same low rate applies whether the loan is taken out through a branch, over the telephone or via the internet.

Graham Pilkington, Nationwide’s divisional director for banking, said: “Nationwide continues to be competitive in the personal loan market with the introduction of this market leading headline rate of 7.5% APR typical, beating what’s offered by supermarkets and high street banks. We are rewarding our current account customers with the lowest personal loan rate in the UK, which further underlines the benefits of having a Nationwide FlexAccount. But what’s more, through our link-up with moneysupermarket.com, we’re pleased to be able to offer a market competitive rate to non-Nationwide customers.”

Nationwide loans: some of the best around

Provider	APR typical	Amount	Term	Available via
Nationwide (main FlexAccount)²	7.5%	£7,500-£14,999	1-5 years	Branch Online Telephone
Tesco	7.6%³	£7,500-£14,999	1-10 years	Online Telephone
Nationwide (moneysupermarket.com applications)	7.6%	£7,000-£14,999	1-5 years	moneysupermarket.com
Alliance and Leicester (moneysupermarket.com applications)	7.6%	£7,500 – £14,950	1-5 years	moneysupermarket.com
Santander (moneysupermarket.com applications)	7.6%	£7,500 – £14,950	1-5 years	moneysupermarket.com
Tesco	7.7%	£7,500-£14,999	1-10 years	Online Telephone
Sainsbury’s⁴	7.7%	£7,500-£14,999	1-5 years	Online Telephone
Alliance and Leicester	8.9%	£7,500 – £14,950	1-5 years	Branch Online Telephone
Santander	8.9%	£7,500 – £14,950	1-5 years	Branch Online Telephone
HSBC⁵	9.9%	£7,000 – £15,000	1-5 years	Branch Online Telephone
NatWest	11.4%	£10,000- £25,000	1-5 years	Branch Online Telephone

Information and rates correct as of 30 September 2010.

Contact: Mark Evans

Nationwide Media Centre

Tel: 01793 655198

Tags: loan rate, nationwide bank loan, Nationwide Building Society, nationwide personal loan, personal loan, personal loans
Posted in Financial Services, Personal Loans | No Comments »

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BCE Media News & Press Releases

Nationwide Savings Accounts & Bonds Range Expands

Nationwide UK House Prices Rise December 2010

Nationwide’s Loyalty Cash ISA & Bonds Update

Nationwide’s Protector Mortgage Update

Nationwide’s TMW reduces Buy To Let Mortgage Rates

Nationwide Raises New Online Savings Account Interest Rate

Nationwide Building Society Consumer Confidence Index

Nationwide’s TMW strengthens Buy To Let Mortgage Portfolio

Record Attendance for Nationwide Building Society TalkBack Event

Nationwide Cuts Personal Loan Rate to 7.5%

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