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.
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
As of 11 January 2022, our SMR is 3.74%. Our BMR is currently 2.25%.
The mortgage rate you’ll move to when your current deal ends
If you can't view the whole table, swipe or scroll to show more > > >
|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
|On or after 30 April 2009, but on or before 3 March 2010||Our SMR
|On or after 4 March 2010
|Cheshire (CBS)||On or before 14 June 2009
|On or after 15 June 2009
|Derbyshire (DeBS)||On or before 30 May 2009
|On or after 31 May 2009
|Dunfermline (DUBS)||Our SMR
|Portman (PBS)||Our BMR
|If you want to switch to a new mortgage product||Our SMR
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.