Following the 0.50% increase in the Bank of England Bank Rate on Thursday 4 August, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.50%. The new rates of 3.75% (BMR) and 5.24% (SMR) will come into effect on 1 September 2022.
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