08 Feb 2023

Product Update: Mortgages

Following the 0.50% increase in the Bank of England Bank Rate on Thursday 2 February, 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 6.00% (BMR) and 7.49% (SMR) will come into effect on 1 March 2023.