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 January 2026 our SMR will be 6.49% and our BMR will be 5.75%.
The mortgage rate you’ll move to when your current deal ends
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| 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.
Important information about mortgages:
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.
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.