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Opened 8 months ago

#1606 new defect

How much more will I pay on my mortgage?

Reported by: anonymous Owned by: somebody
Priority: major Milestone:
Component: component1 Version:
Keywords: Cc:


How much more will I pay on my mortgage?

Most people who have a mortgage are on a fixed-rate arrangement, meaning the price they pay will not change until their deal ends.

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But that’s not the case for everyone.

If rates are raised by 0.5% to 2.25%, those on a typical tracker mortgage would have to pay about £49 more a month. Those on standard variable rate mortgages would see a £31 increase.

If the interest rate rises by 0.75% to 2.5% people with a tracker mortgage will see their monthly payments rise by around £73 while those on a standard variable rate will shell out £46 more.

And that comes on top of all the other rate rises since December.

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