As of 2014 Nationwide is the world's largest building society. They provide a full range of financial services, including loans, mortgages and credit cards.
Nationwide Building Society is a UK based mutual financial institution, and as of 2014 was the world’s largest building society. Its headquarters is in Swindon, Wiltshire but it also has an office in the heart of London’s financial district, as well as regional administrative centres in Dunfermline, Bournemouth, and Northampton.
Nationwide provides a full range of financial services, including loans, mortgages and credit cards, and their total assets in 2014 made them bigger than all of the other 44 building societies in Britain put together.
The origins of the Nationwide grew out of the Provident Union Building Society founded in Wiltshire in 1846. After a series of acquisitions in the nineteenth century, it became known as the Co-operative Permanent Building Society.
By 1970, the building society had branches across the country, and so changed its name to the Nationwide Building Society. In 1987 further expansion came with the Anglia Building Society.
In May 1997, they launched the United Kingdom’s first internet banking service. Whilst many other building societies de-mutualised and became banks around this time, Nationwide committed to remaining a mutual society. Even in the 21st century, they have continued to acquire smaller building societies, such as the Portman.
Customers of the Nationwide Building Society have a comprehensive borrowing choice, including mortgages for first time buyers, and re-mortgaging policies. They also provide personal loans with no hidden charges, and no set-up fee.
When it comes to credit cards, they provide a selection of cards each with different features and offers. Their best card is solely available to holders of a Nationwide current account. Applicants for any of their credit cards must be 18 years or older, and the decision on their application will be made with reference to their credit history.
Their purchase credit cards provide a range of rewards that are dependent upon how much the card is used.