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Base rate cut - what does it mean for my mortgage?

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Latest post Thu, Dec 4 2008 12:57 PM by Graeme. 0 replies.

  • Thu, Dec 4 2008 12:57 PM

    • Graeme
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    Base rate cut - what does it mean for my mortgage?

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    What does the new base rate cut mean for my mortgage?

    Base Rate Reduction Repayment Monthly reduction Interest only Monthly reduction
    £100K Mortgage
    2.00% 1.00% £423.85 £50.36 £166.67 £83.33
    £150K Mortgage
    2.00% 1.00% £635.78 £75.54 £250.00 £125.00
    £200K Mortgage
    2.00% 1.00% £847.71 £100.71 £333.33 £166.67
    Source: Moneyfacts.co.uk 3.12.08

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