Nationwide has made adjustments to its mortgage offering following the Bank of England’s decision to cut the base rate today.
Following the 0.25% decrease, bringing the base rate to 4.25%, mortgage customers who are on Nationwide’s Standard Mortgage Rate (SMR) will see a decrease of 0.25%.
The new SMR of 6.99% will come into effect on 1st June 2025.Â
Rates on tracker mortgages held by existing Nationwide customers also automatically decrease when Bank Rate is cut.
These decreases will also come into effect from 1st June.
