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You are in: Mortgages → Rates and mortgages → Standard and Base Mortgage Rate
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Standard and Base Mortgage Rates

When you reach the end of a fixed or tracker deal, you will automatically move onto either our Base Mortgage Rate (BMR) or Standard Mortgage Rate (SMR), depending on when you reserved your original fixed or tracker deal.

All Nationwide mortgages reserved from April 30 2009 currently move onto our SMR at the end of the fixed or tracker period. Please note that if you switch from the BMR to a new product, it is not possible to switch back to the BMR at a later date.

Both the BMR and SMR are variable rates, which we may vary in accordance with our mortgage terms and conditions. Further details of our BMR and SMR can be found in the table below:

Standard and Base Mortgage Rates


BMR SMR
Rate currently: 2.50% 3.99%
Applies to fixed or tracker deals reserved: On or before 29 April 2009 On or after 30 April 2009
Upper limit or cap: Guaranteed not to be more than 2% above Bank of England base rate None
Flexible features: Unlimited overpayments Unlimited overpayments

View all our mortgage rates     Switch my mortgage

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© Nationwide Building Society
Nationwide Building Society is authorised and regulated by the Financial Services Authority under registration number 106078.
Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority.
You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0845 606 1234.