Following the 0.25% decrease in the Bank of England base rate today, Nationwide has made adjustments to its mortgage rates.
Customers who are on Nationwide’s Standard Mortgage Rate (SMR) will see a decrease of 0.25%.
The new SMR of 6.74% will come into effect from the 1st September.
In addition, rates on tracker mortgages held by existing Nationwide customers automatically decrease when Bank Rate is cut.
These will decrease to reflect the Bank Rate change from 1st September.
