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News

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. 

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

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