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Nationwide has issued an update to mortgage holders ahead of the next Bank of England base rate announcement.

The Monetary Policy Committee (MPC) meets eight times a year to determine the bank's base rate, with the next meeting set to take place on Thursday (November 6).

The Bank of England's current interest rate sits at 4 per cent which has been in place since August 7, 2025, following a 0.25 per cent reduction from 4.25 per cent - the lowest level since March 2023.

Ahead of the next meeting, Nationwide Building Society has announced it is slashing mortgage rates by up to 0.25 percentage from today (November 5).

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The cuts apply to two, three, five and 10-year fixed-rate products.

Among the new offers is

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