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Base Rate Ready Reckoner

Base Rate Ready Reckoner

Category: Savings

Updated: 31/10/2008
First Published: 09/01/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

With many predicting that the base rate may be cut again on Thursday we thought this might be worth keeping on your desk.

MORTGAGES

Mortgage £100K
Base RateReductionRepaymentMonthly ReductionInterest OnlyMonthly Reduction

5.50%

N/A
£614.09

N/A

£458.33

N/A

5.25%

0.25%
£599.25

£14.84

£437.50

£20.83

5.00%

0.50%
£584.59

£29.50

£416.67

£41.66

Mortgage £150K
Base RateReductionRepaymentMonthly ReductionInterest OnlyMonthly Reduction

5.50%

N/A

£921.13

N/A

£687.50

N/A

5.25%

0.25%

£898.87

£22.26

£656.25

£31.25

5.00%

0.50%

£876.89

£44.24

£625.00

£62.50

Mortgage £200K
Base RateReductionRepaymentMonthly ReductionInterest OnlyMonthly Reduction

5.50%

N/A

£1228.17

N/A

£916.67

N/A

5.25%

0.25%

£1198.50

£29.67

£875.00

£41.67

5.00%

0.50%

£1169.18

£58.99

£833.33

£83.34

Mortgage £250K
Base RateReductionRepaymentMonthly ReductionInterest OnlyMonthly Reduction

5.50%

N/A

£1535.22

N/A

£1145.83

N/A

5.25%

0.25%

£1498.12

£37.10

£1093.75

£52.08

5.00%

0.50%

£1461.48

£73.74

£1041.67

£104.16

Based upon mortgage term of 25 years

SAVINGS

Impact of a reduction

Interest rate
Savings Value

5.50%

5.25%

5.00%

£1K

£55.00

£52.50

£50.00

£2.5K

£137.50

£131.25

£125.00

£5K

£275.00

£262.50

£250.00

£10K

£550.00

£525.00

£500.00

£25K

£1375.00

£1312.50

£1250.00

£50K

£2750.00

£2625.00

£2500.00

£100K

£5500.00

£5250.00

£5000.00

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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