Base rate cut - what does it mean for my mortgage? Options
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Graeme
#1 Posted : Thursday, December 04, 2008 12:57:43 PM
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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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