The new rates of 5.00% (BMR) and 6.49% (SMR) will come into effect on 1 December 2022.
08 Nov 2022
Product update: Mortgages
Following the 0.75% increase in the Bank of England Bank Rate on Thursday 3 November, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.75%.
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.
