Following the 0.25% decrease in the Bank Rate on Thursday 18 December, mortgage customers who are on Nationwide’s Standard Mortgage Rate (SMR) will see a decrease of 0.25%.
The new SMR of 6.49% will come into effect on 1 January 2026.
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 January 2026.
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