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Moneyfacts Mortgage Base Rate Ready Reckoner

With the Bank of England expected to raise the level of UK interest rates next week, moneyfacts have produced tables to show the impact that the rate increases since August 2006 and the effect of the possible rate increases have on your mortgage payments.

Impact of mortgage rate increases since August 2006 (0.75%)

	Repayment Monthly increase	Interest only Monthly increase
£80K	£34.73	£50
£110K	£47.75	£68.75
£150K	£65.12	£93.75
£200K	£86.84	£125

 

 

 

 

 

Impact of any future mortgage rate increases

Base Rate	Increase
		Mortgage £80K
		Repayment	Monthly increase	Interest only	Monthly increase
5.25%	N/A	£479.40	N/A	£350.00	N/A
5.50%	0.25%	£491.27	£11.87	£366.67	£16.67
5.75%	0.50%	£503.29	£23.89	£383.33	£33.33
6.00%	0.75%	£515.44	£36.04	£400.00	£50.00
		Mortgage £110K
		Repayment	Monthly increase	Interest only	Monthly increase
5.25%	N/A	£659.17	N/A	£481.25	N/A
5.50%	0.25%	£675.50	£16.33	£504.17	£22.92
5.75%	0.50%	£692.02	£32.85	£527.08	£45.83
6.00%	0.75%	£708.73	£49.56	£550.00	£68.75
		Mortgage £150K
		Repayment	Monthly increase	Interest only	Monthly increase
5.25%	N/A	£898.87	N/A	£656.25	N/A
5.50%	0.25%	£921.13	£22.26	£687.50	£31.25
5.75%	0.50%	£943.66	£44.79	£718.75	£62.50
6.00%	0.75%	£966.45	£67.58	£750.00	£93.75
		Mortgage £200K
		Repayment	Monthly increase	Interest only	Monthly increase
5.25%	N/A	£1,198.50	N/A	£875.00	N/A
5.50%	0.25%	£1,228.17	£29.67	£916.67	£41.67
5.75%	0.50%	£1,258.21	£59.71	£958.33	£83.33
6.00%	0.75%	£1,288.60	£90.10	£1,000.00	£125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTES TO EDITORS:

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. 

Regular Charts
We can supply you with regular weekly or one-off selection charts on many financial products including savings, mortgages, credit cards and personal loans. Our charts are independent, impartial, totally accurate and up to date. 
Please call Andrew Hagger on 0870 2250 512 for further information

 

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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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349