31 May 2023

Product Update - Mortgage

Following the 0.25% increase in the Bank of England Bank Rate on Thursday 11 May, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.25%.

The new rates of 6.50% (BMR) and 7.99% (SMR) will come into effect on 1 July 2023.