Mortgage Rates and Payment Calculator: Where to find

If you are looking to calculate your mortgage costs ahead of the possible Bank of England rate cut tomorrow. We have listed several website where you can find a mortgage calculator so you can fill in all your relevant details and then the mortgage calculator will let you know what your new monthly repayments will be.

NatWest, alliance & Leicester, Halifax, Abbey and Bank of Scotland all have a mortgage calculator on their main website. If the Bank of England reduced the rate as expected, many banks have said they will pass on the full rate cut to existing customers on tracker or variable rates by reducing their standard variable rate (SVR), Lloyds TSB have said they will pass the full rate cut on.

All you have to do is put the details into the mortgage repayment calculator, it will ask you for the property value, how much deposit or equity you have, how long you wish the mortgage term and the interest rate you will be paying, then just tap in if you wish for it to be an interest only mortgage or repayment and the mortgage calculator will then show you your monthly mortgage repayment costs.