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.