Bank of England base rate change

Today, Thursday 2 August, the Bank of England has announced an increase to the base rate from 0.50% to 0.75%.

Interest rates for members with an existing tracker rate mortgage will increase by 0.25%* from Saturday 1 September.

We'll confirm any other changes to our variable rate mortgages in due course.

*If your client is currently on a Nationwide tracker rate mortgage, in most cases their rate and payments will increase by the amount of the base rate increase. If their rate and payments are changing, we'll write to them and let them know.