Rate Change Calculator
What will happen when the rates change?
When or by how much will interest rates change is very difficult to predict however it is a very important factor to consider when looking to take out a mortgage. You must ensure that your mortgage repayments are not only affordable now but will remain affordable in the future also.
Our rate change calculator will work out what your monthly payment might be should interest rates change.
Just input the following details and see what impact a rate rise might have on your finances
- How much you want to borrow
- The interest rate now
- The number of years you wish to borrow for the money over
- Then use the slider to increase or decrease the interest rate.