Nationwide Building Society is one of the top three savings providers and mortgage lenders in the UK. More significantly, they are the largest building society in the world.
Nationwide Building Society has mutual (as opposed to Public Limited Company) status, which means that they are owned by and run for the benefit of its members. They don't have any shareholders, the company is owned by you. This means they have a responsibility to be open and honest to their customers and provide great value.
The types of products they offer are current and savings accounts, investments, loans, mortgages, credit cards and various classes of insurance.
They claim their approach to financial services is straight-forward. The company prides itself on doing its best for its members. This means providing good value products and services whilst aiming to charge as little as possible.
The Nationwide Building Society has been around for over 160 years which has given the company a vast wealth of experience in the financial services industry. However, they endeavour to use this knowledge in a modern and innovative way so they can offer their customers an up to date service with continual growth.
They are a responsible lender and always try to design products and lending criteria which meet the needs of their customers. They try to be competitively priced in the market and show the risks as well as the benefits of all of their products.
The company endeavours to make clear the costs of any borrowing and also assess the customer’s ability to make regular payments to repay any loans before any agreement is reached.
In return for this consideration the Nationwide Building Society asks that its customers provide accurate and complete information on application forms. In addition, customers should regularly assess their own finances to make sure they are not being over stretched. It is also important to read and terms and conditions for services and products to make sure you are clear on what may happen if you break the agreement.
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