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As of 2022, Nationwide ranked as the second largest provider of household savings and mortgages in the UK, holding a 10.3% market share in current accounts. [ 1 ] : 15 For the financial year 2021/2022, Nationwide had assets of around £272.4 billion [ 1 ] : 57 compared to £483 billion for the entire building society sector, [ 5 ] making it ...
The Mortgage Works (UK) plc is a specialist Buy to Let mortgage lender [1] of Nationwide Building Society, working primarily through regulated intermediaries and based in Bournemouth, Dorset, England. They specialise in buy to let mortgage finance.
The UK mortgage market is one of the most innovative and competitive in the world. There is little intervention in the market by the state or state funded entities and virtually all borrowing is funded by either mutual organisations (building societies and credit unions) or proprietary lenders (typically banks).
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UCBHL operated out of a single location in Sutton with over 300 employees, relocating to Bournemouth and merging with the Portman Building Society's The Mortgage Works in 2007 following Nationwide's merger with the Portman. [1] It ceased new lending on 31 October 2008, but continues to collect money from its customers.
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Portman merged with the Nationwide Building Society in August 2007, [1] at which time it was the third largest building society in the UK and the largest regional building society in the south of England, with 154 branches and assets exceeding £15 billion.
Precise Mortgages offers residential and buy to let mortgages, along with bridging and second charge loans through a nationwide intermediary network. [12] Precise Mortgages operates via a technology driven underwriting and credit risk management system, which is available 24/7. [12]