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Mortgage Calculator: What will happen if interest rates rise or fall?

Calculate the effect on you repayments should interest rates rise. At the moment we are benefiting from record low levels of interest rates, but you need to be aware that if you are on a tracker mortgage rates can rise which will effect your monthly payments.

Amount of current loan on a repayment basis

 

Amount of current loan on an interest only basis

 

Current interest rate

 

Term of loan (years)

 

Anticipated rate change

 

Your current monthly payment is: £. A rate change of % would your monthly payments to £ - a difference of £ a month, or £ a year.

Popular Fixed Rate Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
TSB Direct 2 Year Fixed £995 Fee Purchase
Fixed
1.29%
Fixed until 31/10/2019
3.74% (variable)
3.50%
60%
£995
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Oct-2018; then 1.00% of loan amount redeemed to be paid until 31-Oct-2019

Popular Tracker Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct 2 Year Tracker £995 Fee Existing Borrower
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.80%
60%
£1,495
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct 2 Year Tracker £995 Fee
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.80%
60%
£995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct 2 Year Tracker £995 Fee
Tracker
1.79%
1.29% above Bank of England base rate
3.75% (variable)
3.80%
70%
£995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 30%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019

Popular Remortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct 2 Year Tracker £995 Fee Remortgage
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.70%
60%
£1,495
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019

Popular Offset Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct Offset Term Flexible £499 Fee Purchase
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.70%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge
NatWest Direct Offset Term Flexible £499 Fee Remortgage
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.80%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge

Popular First Time Buyer Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct Ftb 2 Year Fixed No Fee
Fixed
2.31%
Fixed until 31/08/2019
3.75% (variable)
3.60%
80%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Ftb 2 Year Fixed No Fee
Fixed
2.31%
Fixed until 31/08/2019
3.75% (variable)
3.60%
80%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Ftb 2 Year Fixed No Fee
Fixed
2.87%
Fixed until 31/08/2019
3.75% (variable)
3.70%
90%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 10%
Max Mortgage Amount £550,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct Ftb 5 Year Fixed No Fee
Fixed
3.57%
Fixed until 31/08/2022
3.75% (variable)
3.90%
85%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 15%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 5.00% of loan amount redeemed to be paid until 31-Aug-2018; then 4.00% of loan amount redeemed to be paid until 31-Aug-2019; then 3.00% of loan amount redeemed to be paid until 31-Aug-2020; then 2.00% of loan amount redeemed to be paid until 31-Aug-2021; then 1.00% of loan amount redeemed to be paid until 31-Aug-2022
NatWest Direct Ftb 5 Year Fixed No Fee
Fixed
3.68%
Fixed until 31/08/2022
3.75% (variable)
3.80%
90%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 10%
Max Mortgage Amount £550,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 5.00% of loan amount redeemed to be paid until 31-Aug-2018; then 4.00% of loan amount redeemed to be paid until 31-Aug-2019; then 3.00% of loan amount redeemed to be paid until 31-Aug-2020; then 2.00% of loan amount redeemed to be paid until 31-Aug-2021; then 1.00% of loan amount redeemed to be paid until 31-Aug-2022

Popular Buy to Let Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
Royal Bank Of Scotland Direct Btl 2 Year Fixed £1995 Fee Purchase
Fixed
1.82%
Fixed until 31/08/2019
3.75% (variable)
4.10%
60%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Btl 2 Year Tracker £1995 Fee
Tracker
1.88%
1.38% above Bank of England base rate
3.75% (variable)
4%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct Btl 2 Year Tracker £1995 Fee Purchase
Tracker
1.88%
1.38% above Bank of England base rate
4.25% (variable)
4.40%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Btl 2 Year Fixed £1995 Fee Remortgage
Fixed
1.99%
Fixed until 31/08/2019
3.75% (variable)
3.90%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
TSB Direct Btl 3 Year Fixed £995 Fee Purchase
Fixed
2.29%
Fixed until 31/10/2020
4.59% (variable)
4.20%
60%
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 3.00% of loan amount redeemed to be paid until 31-Oct-2018; then 2.00% of loan amount redeemed to be paid until 31-Oct-2019; then 1.00% of loan amount redeemed to be paid until 31-Oct-2020

Your home may be repossessed if you do not keep up repayments on your mortgage. The rates and products displayed within these tables are updated on a regular basis however due to the dynamic nature of the market some product details and rates may be out of date. We therefore do not take any responsibility for the accuracy of the information supplied within the table although we will always make our best endeavour to ensure that the information provided is as accurate as possible. You should always check rates and terms with the product provider. The telephone-based mortgage advice service is provided by TurnKey Mortgages Limited. Registered office: St Crispins House, Duke Street, Norwich NR3 1PD. TurnKey Mortgages Limited are authorised and regulated by the Financial Conduct Authority. Their FCA number is 537424.