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Standard and Base Mortgage Rates

When you reach the end of a fixed or tracker mortgage deal, you will automatically move onto either our Standard Mortgage Rate (SMR) or Base Mortgage Rate (BMR). Which rate you move to will depend on when you reserved your current fixed or tracker deal.

Information:

Both the SMR and BMR are variable rates which we may vary in accordance with our mortgage terms and conditions. The BMR is guaranteed to be no more than 2% above the Bank of England base rate, whilst the SMR has no upper limit or cap.

If you choose to switch from our BMR to a new deal, it isn’t possible to switch back later.

Current Nationwide Standard and Base Mortgage Rates

From 1 December 2024:

  • Our SMR will be 7.49%, following the base rate change on Thursday 7 November 2024.
  • Our BMR will remain unchanged at 6.75%.

The mortgage rate you’ll move to when your current deal ends

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Standard and Base Mortgage Rates
I reserved my last fixed or tracker rate mortgage with: So, what do I move to? What features come with my deal?
Payment holiday Borrow back Overpayments
Nationwide (NBS) On or before 29 April 2009
 Our BMR
 YES YES YES
On or after 30 April 2009, but on or before 3 March 2010 Our SMR
 YES YES YES
On or after 4 March 2010
 Our SMR
 NO NO YES
Cheshire (CBS) On or before 14 June 2009
 Our BMR
 NO YES YES
On or after 15 June 2009
 Our SMR
 NO YES YES
Derbyshire (DeBS) On or before 30 May 2009
 Our BMR
 NO NO YES
On or after 31 May 2009
 Our SMR
 NO NO YES
Dunfermline (DUBS)
Our SMR
 NO NO YES
Portman (PBS)
Our BMR
 YES YES YES
If you want to switch to a new mortgage product
Our SMR
 NO NO YES
Note: These features apply to most standard mortgage deals, but will not appear on all mortgages. Check your most recent offer to confirm which features you have.

Related links

Important:

Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage.
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.