The Bank of England announced an increase to the base rate on Thursday 2 August to 0.75%.

Please find below the effect of this increase on Nationwide’s mortgage rates.

New and pipeline applications

All Key Facts Illustration and offer documents for trackers will reflect the new rates from Tuesday 7 August.

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Existing members

  • Base Mortgage Rate (BMR)
    The BMR will increase to 2.75% (previously 2.50%) from Saturday 1 September.
  • Standard Mortgage Rate (SMR)
    Members who are on SMR will see an increase in their rate to 4.24% (previously 3.99%) from Saturday 1 September.
  • Tracker rate mortgages
    Interest rates for members with an existing tracker rate mortgage will increase by 0.25%* from Saturday 1 September. Borrowers affected by the increase will see a change to their mortgage payments from Saturday 1 September and we’ll write to them by this date to notify them of their new interest rate and monthly payment.

Contact us

We anticipate high call volumes in our contact centres, so for case updates, please login to NFI Online. If you need pre-application support, contact us using Broker Chat