All were former Abbey customers, who were put on standard variable rate (SVR) mortgages after coming off fixed-rate deals.
Current borrowers revert to a standard variable rate (SVR) of just 2% above bank rate, so currently paying 2.5%.
Nationwide's chief economist Martin Gahbauer said lower interest rates had given existing homeowners with tracker or standard variable mortgages a welcome breathing space.
The lender said its standard variable rate (SVR) would be cut by 0.15 of a percentage point to 7.34% from 1 November for existing borrowers.
Lenders' standard variable rate (SVR) deals are tending to be more attractive than new fixed-rate deals for owners, with interest rates having plunged in recent months.
The lender are charging me their highest standard variable rate.
Floating-rate mortgages last year reduced many borrowers' payment burden as the Bank of England dropped its base rate to 0.5% and lenders adjusted their standard variable rates downward in response.
Mark Harris, chief executive of mortgage broker SPF Private Clients, explained that most mortgages track a lender's standard variable rate, or the base rate, so most are not directly affected by Libor.
The Bank of England's figures show that as of last November, the average credit card interest rate was 15.89%, while the average interest rate for a standard variable rate mortgage was just 3.98%.
Earlier, in October 2008, the bank had written to some Halifax customers, telling them it would raise the standard variable rate (SVR) 'cap' on their mortgages from 2% above the Bank Rate to 3% above it.
BBC: Bank of Scotland fined ?4.2m over Halifax mortgage errors
In its statement, the group said that changes such as cutting the interest its pays on customer deposits, as well as increasing its standard variable rate on UK mortgages by 1.5 percentage points, had improved margins towards the end of the year.
"These mistakes stemmed from the fact that Bank of Scotland had an inadequate mortgage records system meaning they could not identify which of those 250, 000 customers were subject to a cap on their standard variable rate, " said Tracey McDermott, the FSA's director of enforcement and financial crime.
BBC: Bank of Scotland fined ?4.2m over Halifax mortgage errors
Meanwhile, Government-owned Northern Rock cut its Standard Variable Rate by 0.1% on Monday, its first move after the Bank of England cut base rates by 0.25% 11 days ago, and more than a week after the chancellor said banks should pass on interest rate cuts to homeowners.
The same is true of the assumption that the mortgage repayment will rise (it could be a longer-term fixed rate for example), or by how much - we have used the Standard Variable Rate (SVR), but the borrower may be using a mortgage which charges a different interest margin.
Senator Collins, a vocal champion of cracking down on brokers, decided that it would be okay to exempt those brokers who sell only mutual funds, variable annuities and certain closed-end funds from the standard.
Citi Investment Research and my organization Ceres recently issued a report finding that, under the strictest mileage standard being considered, carmakers in general would increase their variable profits and the Detroit Three would get a bigger profit boost than others.
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Instrumental variable analysis attempts to do just that, standing in contrast to the standard approach used in clinical studies.
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.
FORBES: 2013 IRS Mileage Rate Increases To 56.5 Cents Per Mile
With that much money on the table, it should come as no surprise that these same variable-annuity-selling broker-dealers are among the most passionate opponents of the fiduciary standard.
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Notice 2012-72 contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.
FORBES: 2013 IRS Mileage Rate Increases To 56.5 Cents Per Mile
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