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Nationwide reduces mortgage rates following Bank Rate cut
08 May 2025
Following the 0.25% decrease in the Bank Rate on Thursday 8 May, 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 1 June 2025.
Rates on tracker mortgages held by existing Nationwide customers automatically decrease when Bank Rate is cut, so these will decrease to reflect the Bank Rate change from 1 June 2025.
