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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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