Nationwide doubles maximum personal loan to £50k amid rising building costs

Previous £25,000 maximum no longer enough to fund some home improvements, says building society

Nationwide building society has doubled the maximum personal loan it will offer borrowers to £50,000, citing the continued increase in building costs as the reason for the change.

The society previously offered up to £25,000 for qualifying customers but said this was no longer enough to fund some home improvement projects.