02/06/2026
Nationwide builds on mortgage base 📈
Nationwide has strengthened its position in the mortgage market over the past year, reporting £10.3bn in net mortgage lending and increasing its share of UK mortgage balances to 16.3%. The building society said demand remained strong despite a slowdown from the previous year, when buyers rushed to complete purchases ahead of stamp duty changes. The lender also revealed it had been required to increase risk provisions linked to Virgin Money’s mortgage portfolio following regulatory concerns over the bank’s internal risk models after Nationwide’s takeover of the business.
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