Nationwide has announced a reduction in mortgage rates following the Bank of England’s decision to cut the Bank Rate by 0.25% today, Thursday 18th December.
As a result of the base rate change, customers on Nationwide’s Standard Mortgage Rate (SMR) will see their rate fall by 0.25%.
The new SMR will be set at 6.49% and will take effect from 1st January 2026.
In addition, existing Nationwide customers with tracker mortgages will also benefit automatically from the Bank Rate reduction.
These rates are directly linked to the base rate and will decrease in line with the 0.25% cut.
The move follows the latest decision by the Bank of England to ease monetary policy and is expected to provide some relief for borrowers at the start of the new year.
