Following the 0.50% increase in the Bank of England Bank Rate on Thursday 22 September, 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 4.25% (BMR) and 5.74% (SMR) will come into effect on 1 November 2022.
14 Oct 2022
Product update - Mortgages
Notes to editors
1 The BMR is the revert to rate for Nationwide mortgages taken out on or before 29 April 2009.
2 The SMR is the revert to rate for Nationwide mortgages taken out on or after 30 April 2009.
