Moneyfacts.co.uk – Base Rate Reduction Payment Reckoner
With the Bank of England expected to reduce the level of UK interest rates at their next meeting, moneyfacts have produced a payment table to show the impact that the rate reduction will have on your mortgage payments.
Base Rate |
Reduction |
Payment |
Monthly reduction |
Interest only |
Monthly reduction |
£100K Mortgage |
|||||
3.00% |
N/A |
£474.21 |
N/A |
£250.00 |
N/A |
2.75% |
0.25% |
£461.31 |
£12.90 |
£229.17 |
£20.83 |
2.50% |
0.50% |
£448.62 |
£25.59 |
£208.33 |
£41.67 |
2.25% |
0.75% |
£436.13 |
£38.08 |
£187.50 |
£62.50 |
2.00% |
1.00% |
£423.85 |
£50.36 |
£166.67 |
£83.33 |
£150K Mortgage |
|||||
3.00% |
N/A |
£711.32 |
N/A |
£375.00 |
N/A |
2.75% |
0.25% |
£691.97 |
£19.35 |
£343.75 |
£31.25 |
2.50% |
0.50% |
£672.93 |
£38.39 |
£312.50 |
£62.50 |
2.25% |
0.75% |
£654.20 |
£57.12 |
£281.25 |
£93.75 |
2.00% |
1.00% |
£635.78 |
£75.54 |
£250.00 |
£125.00 |
£200K Mortgage |
|||||
3.00% |
N/A |
£948.42 |
N/A |
£500.00 |
N/A |
2.75% |
0.25% |
£922.62 |
£25.80 |
£458.33 |
£41.67 |
2.50% |
0.50% |
£897.23 |
£51.19 |
£416.67 |
£83.33 |
2.25% |
0.75% |
£872.26 |
£76.16 |
£375.00 |
£125.00 |
2.00% |
1.00% |
£847.71 |
£100.71 |
£333.33 |
£166.67 |
Source: Moneyfacts.co.uk 3.12.08 |
|||||
Moneyfacts Group
Moneyfacts is the UK’s leading independent provider of personal financial information and our data is used and trusted throughout the financial industry.
Compare Mortgage Rates | Mortgage Payment Calculator | Mortgage Rates
Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.
Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority. Registered in England & Wales Company 5703224.
We normally do not charge a fee for mortgage advice, however a fee paying option is available. Our typical fee would be £500