Selected rate changes

From Thursday 6th January 2022, we'll be making changes to our product ranges.

Full details of the changes below. 

New Business


Existing business


Download our latest product guide

Base Rate Changes

On Thursday 16 December the Bank of England announced an increase to its base rate from 0.10% to 0.25%. Here's how this affects our Standard and Base Mortgage Rates (SMR and BMR).

Standard Mortgage Rate (SMR)

Members who are on the SMR will see an increase to their rate to 3.74% (previously 3.59%) from 1 February 2022.

Base Mortgage Rate (BMR)

The BMR (for mortgages reserved through Nationwide Building Society on or before 29 April 2009, through Derbyshire Building Society on or before 30 May 2009 or through Cheshire Building Society on or before 14 June 2009) will increase to 2.25% (previously 2.10%) from 1 February 2022.

We’ll write to affected Tracker, SMR and BMR customers from 11 January confirming their new rate and mortgage payment amount.