How do interest rates affect me?

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How much could my mortgage go up by?

The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.

This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. For exact figures, users will need to approach an official mortgage lender.

Interest rates fluctuate based on the Bank of England’s base rate and market conditions.

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year.”,”attributes”:[“bold”]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Interest rates move up and down in order to control UK inflation, which has come down sharply in recent months, easing cost-of-living pressures.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Interest rates move up and down in order to control UK inflation, which has come down sharply in recent months, easing cost-of-living pressures.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”However, the UK economy has been stagnating amid increased borrowing costs and other pressures.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”However, the UK economy has been stagnating amid increased borrowing costs and other pressures.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Interest rates set by the Bank of England affect mortgage, credit card and savings rates for millions of people across the 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money.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”This has a knock-on effect on what other banks charge their customers for loans such as mortgages, as well as the interest they pay on savings.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”This has a knock-on effect on what other banks charge their customers for loans such as mortgages, as well as the interest they pay on savings.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”The Bank’s Monetary Policy Committee meets eight times a year to decide what the base rate should be.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”The Bank’s Monetary Policy Committee meets eight times a year to decide what the base rate should be.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”It has a target to keep UK inflation at 2%. Inflation is the rate at which prices are rising across the economy as a whole.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”It has a target to keep UK inflation at 2%. Inflation “,”attributes”:[]}},{“type”:”urlLink”,”model”:{“text”:”is the rate at which prices are rising across the economy as a whole”,”locator”:”https://www.bbc.co.uk/news/business-12196322″,”blocks”:[{“type”:”fragment”,”model”:{“text”:”is the rate at which prices are rising across the economy as a whole”,”attributes”:[]}}]}},{“type”:”fragment”,”model”:{“text”:”.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”When inflation is going up, the Bank may decide to raise rates to encourage people to spend less. 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The idea is that this helps to bring inflation down by dampening demand.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Once this starts to happen, the Bank may hold rates, or cut them.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Once this starts to happen, the Bank may hold rates, or cut them.”,”attributes”:[]}}]}}]}},{“type”:”subheadline”,”model”:{“blocks”:[{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”How do interest rates affect me?”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”How do interest rates affect me?”,”attributes”:[]}}]}}]}}],”level”:2,”fontScale”:”headlineSmall”,”id”:”How-do-interest-rates-affect-me”,”isFocusable”:true}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Mortgages”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Mortgages”,”attributes”:[“bold”]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Just under a third of households have a mortgage, according to the government’s English Housing Survey.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Just under a third of households have a mortgage, according to “,”attributes”:[]}},{“type”:”urlLink”,”model”:{“text”:”the government’s English Housing Survey”,”locator”:”https://www.gov.uk/government/collections/english-housing-survey”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”the government’s English Housing Survey”,”attributes”:[]}}]}},{“type”:”fragment”,”model”:{“text”:”.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”When interest rates rise or fall, more than 1.4 million people on tracker and standard variable rate (SVR) deals usually see an immediate change in their monthly payments.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”When interest rates rise or fall, more than 1.4 million people on tracker and standard variable rate (SVR) deals usually see an immediate change in their monthly payments.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”About three-quarters of mortgage customers have fixed-rate deals. 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Their monthly payments aren’t immediately affected when the Bank changes rates, but future deals are. “,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Mortgage rates are much higher than they have been for much of the past decade.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Mortgage rates are much higher than they have been for much of the past decade.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”This means homebuyers and those remortgaging will have to pay a lot more than if they had taken out the same mortgage a few years ago. “,”blocks”:[{“type”:”fragment”,”model”:{“text”:”This means homebuyers and those remortgaging will have to pay a lot more than if they had taken out the same mortgage a few years ago. “,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”About 1.6 million deals will expire in 2024, according to banking trade body UK Finance.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”About 1.6 million deals will expire in 2024, according to banking trade body UK Finance.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”You can see how your mortgage may be affected by interest rate changes by using our calculator:”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”You can see how your mortgage may be affected by interest rate changes by using our calculator:”,”attributes”:[]}}]}}]}},{“type”:”include”,”model”:{“type”:”vj”,”href”:”/include/newsspec/34996-mortgage-calculator/english/app?responsive=true&newsapps=true&app-image=https://news.files.bbci.co.uk/include/vjassets/img/app-launcher.png&app-clickable=true&amp-clickable=true&amp-image-height=360&amp-image-width=640&amp-image=https://news.files.bbci.co.uk/include/vjassets/img/app-launcher.png&app-image-alt-text=Click%20or%20tap%20here%20to%20see%20interactive%20content”,”html”:”\u003cscript>\n window.vjConfigObject = window.vjConfigObject || {};\n window.vjConfigObject[‘newsspec-34996-mortgage-calculator-app’] = {\”js\”:true,\”output\”:{\”wrapper\”:\”embed\”},\”name\”:\”newsspec-34996-mortgage-calculator\”,\”version\”:\”1.0.202401050908\”,\”urlToOutputDir\”:\”https://news.files.bbci.co.uk/include/newsspec/34996-mortgage-calculator\”,\”assetsPath\”:\”https://news.files.bbci.co.uk/include/newsspec/34996-mortgage-calculator/assets/app-project-assets\”,\”includeName\”:\”app\”,\”language\”:\”english\”,\”languageCode\”:\”en\”,\”brandingVersion\”:\”3.1\”,\”brandingExtension\”:\”svg\”,\”loremText\”:[\”Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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If not, enter the total you are looking to borrow.\u003c/div>\n \u003c/div>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_1\”\n name=\”form_input_1\” \n type=\”number\”\n value=\”160000\”\n min=\”0\” \n max=\”10000000\”\n data-default=\”160000\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_1\” aria-label=\”increase £\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_1\” aria-label=\”decrease £\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>£\u003c/span>\n \u003c/div>\n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input \” for=\”form_input_2\”>How long will you take to pay it back?\u003c/label>\n \u003cbutton class=\”label__info-btn\” data-id=\”info-button-2\” aria-label=\”More info on repayment periods\”>\u003c/button>\n \u003cdiv class=\”info-box info-button-2\”>\n \u003cdiv class=\”info-box__text info-button-2\”>If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\u003c/div>\n \u003c/div>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_2\”\n name=\”form_input_2\” \n type=\”number\”\n value=\”20\”\n min=\”1\” \n max=\”50\”\n data-default=\”20\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_2\” aria-label=\”increase years\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_2\” aria-label=\”decrease years\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>years\u003c/span>\n \u003c/div>\n \u003cdiv class=\”radio__container\”>\n \u003cfieldset>\n \u003cdiv class=\”label__container\”>\n \u003clegend class=\”label__input\”>What is your current…\u003c/legend>\n \u003cbutton class=\”label__info-btn\” data-id=\”info-button-3\” aria-label=\”More info on interest rates\”>\u003c/button>\n \u003cdiv class=\”info-box info-button-3\”>\n \u003cdiv class=\”info-box__text\”>For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank's mortgage rate calculator.\u003c/div>\n \u003c/div>\n \u003c/div>\n \u003cdiv class=\”radio__group\”>\n \u003cdiv class=\”input-container\”>\n \u003cinput class=\”radio-input\” type=\”radio\” id=\”interest\” name=\”format-selector\” value=\”interest\” checked=\”true\”>\n \u003clabel for=\”interest\”>interest rate\u003c/label>\n \u003c/div>\n \u003cdiv class=\”input-container\”>\n \u003cinput class=\”radio-input\” type=\”radio\” id=\”monthly\” name=\”format-selector\” value=\”monthly\”>\n \u003clabel for=\”monthly\”>monthly payment\u003c/label>\n \u003c/div>\n \u003c/div>\n \u003c/fieldset>\n \n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input off-screen\” for=\”form_radio_input_1\”>interest rate\u003c/label>\n \u003c/div>\n \n \u003cdiv class=\”input__container input__container–radio\”>\n \u003cinput id=\”form_radio_input_1\”\n name=\”form_radio_input_1\” \n type=\”number\”\n value=\”2.00\”\n min=\”0.50\” \n max=\”10.50\”\n data-default=\”2.00\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_radio_input_1\” aria-label=\”increase %\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_radio_input_1\” aria-label=\”decrease %\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>%\u003c/span>\n \u003c/div>\n \u003c/div>\n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input \” for=\”form_input_3\”>Choose an interest rate to compare with…\u003c/label>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_3\”\n name=\”form_input_3\” \n type=\”number\”\n value=\”5.80\”\n min=\”0.10\” \n max=\”100.00\”\n data-default=\”5.80\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_3\” aria-label=\”increase %\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_3\” aria-label=\”decrease %\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>%\u003c/span>\n \u003c/div>\n \u003cinput class=\”submit-btn\” type=\”submit\” value=\”Calculate\” />\n \u003c/form>\n \u003cdiv class=\”results__container–figures\” aria-hidden=\”true\”>\n \u003cdiv class=\”width-restrict\”>\n \u003cp class=\”results__para\”>At this rate, your payments could change by…\u003c/p>\n \u003cdiv class=\”results__figures\”>\n \u003cp class=\”results__figure results__figure–monthly-increase\”>\u003cspan class=\”figure\”>\u003c/span>\n monthly change\u003c/p>\n \u003cp class=\”results__figure–to\”>to\u003c/p>\n \u003cp class=\”results__figure results__figure–monthly-total\”>\u003cspan class=\”figure\”>\u003c/span>\n monthly total\u003c/p>\n \u003c/div>\n \u003c/div>\n \u003c/div>\n \u003cp class=\”results–off-screen off-screen\”>\u003c/p>\n \u003cdiv class=\”results__container–repayment-estimate\”>\n \u003cp class=\”results__estimate width-restrict\”>\u003c/p>\n \u003c/div>\n \u003cdiv class=\”results__container–error\”>\n \u003cp class=\”results__error\”>The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.\u003c/p>\n \u003c/div>\n \u003cdiv class=\”disclaimer\”>\n \u003cp class=\”disclaimer-para\”>This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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{{var1}} pounds. This would be a monthly total of {{var2}} pounds.\”,\”info_input_1\”:\”If you have an existing mortgage enter the outstanding balance left to pay. If not, enter the total you are looking to borrow.\”,\”info_input_2\”:\”If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\”,\”info_radio_interest\”:\”For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\”,\”info_radio_monthly\”:\”For those with a mortgage enter the amount you pay for per month. For those without a mortgage enter the amount you would be paying.\”,\”disclaimer_1\”:\”This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. 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If not, enter the total you are looking to borrow.\u003c/div>\n \u003c/div>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_1\”\n name=\”form_input_1\” \n type=\”number\”\n value=\”160000\”\n min=\”0\” \n max=\”10000000\”\n data-default=\”160000\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_1\” aria-label=\”increase £\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_1\” aria-label=\”decrease £\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>£\u003c/span>\n \u003c/div>\n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input \” for=\”form_input_2\”>How long will you take to pay it back?\u003c/label>\n \u003cbutton class=\”label__info-btn\” data-id=\”info-button-2\” aria-label=\”More info on repayment periods\”>\u003c/button>\n \u003cdiv class=\”info-box info-button-2\”>\n \u003cdiv class=\”info-box__text info-button-2\”>If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\u003c/div>\n \u003c/div>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_2\”\n name=\”form_input_2\” \n type=\”number\”\n value=\”20\”\n min=\”1\” \n max=\”50\”\n data-default=\”20\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_2\” aria-label=\”increase years\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_2\” aria-label=\”decrease years\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>years\u003c/span>\n \u003c/div>\n \u003cdiv class=\”radio__container\”>\n \u003cfieldset>\n \u003cdiv class=\”label__container\”>\n \u003clegend class=\”label__input\”>What is your current…\u003c/legend>\n \u003cbutton class=\”label__info-btn\” data-id=\”info-button-3\” aria-label=\”More info on interest rates\”>\u003c/button>\n \u003cdiv class=\”info-box info-button-3\”>\n \u003cdiv class=\”info-box__text\”>For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank's mortgage rate calculator.\u003c/div>\n \u003c/div>\n \u003c/div>\n \u003cdiv class=\”radio__group\”>\n \u003cdiv class=\”input-container\”>\n \u003cinput class=\”radio-input\” type=\”radio\” id=\”interest\” name=\”format-selector\” value=\”interest\” checked=\”true\”>\n \u003clabel for=\”interest\”>interest rate\u003c/label>\n \u003c/div>\n \u003cdiv class=\”input-container\”>\n \u003cinput class=\”radio-input\” type=\”radio\” id=\”monthly\” name=\”format-selector\” value=\”monthly\”>\n \u003clabel for=\”monthly\”>monthly payment\u003c/label>\n \u003c/div>\n \u003c/div>\n \u003c/fieldset>\n \n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input off-screen\” for=\”form_radio_input_1\”>interest rate\u003c/label>\n \u003c/div>\n \n \u003cdiv class=\”input__container input__container–radio\”>\n \u003cinput id=\”form_radio_input_1\”\n name=\”form_radio_input_1\” \n type=\”number\”\n value=\”2.00\”\n min=\”0.50\” \n max=\”10.50\”\n data-default=\”2.00\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_radio_input_1\” aria-label=\”increase %\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_radio_input_1\” aria-label=\”decrease %\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>%\u003c/span>\n \u003c/div>\n \u003c/div>\n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input \” for=\”form_input_3\”>Choose an interest rate to compare with…\u003c/label>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_3\”\n name=\”form_input_3\” \n type=\”number\”\n value=\”5.80\”\n min=\”0.10\” \n max=\”100.00\”\n data-default=\”5.80\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_3\” aria-label=\”increase %\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_3\” aria-label=\”decrease %\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>%\u003c/span>\n \u003c/div>\n \u003cinput class=\”submit-btn\” type=\”submit\” value=\”Calculate\” />\n \u003c/form>\n \u003cdiv class=\”results__container–figures\” aria-hidden=\”true\”>\n \u003cdiv class=\”width-restrict\”>\n \u003cp class=\”results__para\”>At this rate, your payments could change by…\u003c/p>\n \u003cdiv class=\”results__figures\”>\n \u003cp class=\”results__figure results__figure–monthly-increase\”>\u003cspan class=\”figure\”>\u003c/span>\n monthly change\u003c/p>\n \u003cp class=\”results__figure–to\”>to\u003c/p>\n \u003cp class=\”results__figure results__figure–monthly-total\”>\u003cspan class=\”figure\”>\u003c/span>\n monthly total\u003c/p>\n \u003c/div>\n \u003c/div>\n \u003c/div>\n \u003cp class=\”results–off-screen off-screen\”>\u003c/p>\n \u003cdiv class=\”results__container–repayment-estimate\”>\n \u003cp class=\”results__estimate width-restrict\”>\u003c/p>\n \u003c/div>\n \u003cdiv class=\”results__container–error\”>\n \u003cp class=\”results__error\”>The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.\u003c/p>\n \u003c/div>\n \u003cdiv class=\”disclaimer\”>\n \u003cp class=\”disclaimer-para\”>This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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This would be a monthly total of {{var2}} pounds.\”,\”info_input_1\”:\”If you have an existing mortgage enter the outstanding balance left to pay. If not, enter the total you are looking to borrow.\”,\”info_input_2\”:\”If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\”,\”info_radio_interest\”:\”For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\”,\”info_radio_monthly\”:\”For those with a mortgage enter the amount you pay for per month. For those without a mortgage enter the amount you would be paying.\”,\”disclaimer_1\”:\”This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. 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If not, enter the total you are looking to borrow.\u003c/div>\n \u003c/div>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_1\”\n name=\”form_input_1\” \n type=\”number\”\n value=\”160000\”\n min=\”0\” \n max=\”10000000\”\n data-default=\”160000\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_1\” aria-label=\”increase £\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_1\” aria-label=\”decrease £\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>£\u003c/span>\n \u003c/div>\n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input \” for=\”form_input_2\”>How long will you take to pay it back?\u003c/label>\n \u003cbutton class=\”label__info-btn\” data-id=\”info-button-2\” aria-label=\”More info on repayment periods\”>\u003c/button>\n \u003cdiv class=\”info-box info-button-2\”>\n \u003cdiv class=\”info-box__text info-button-2\”>If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\u003c/div>\n \u003c/div>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_2\”\n name=\”form_input_2\” \n type=\”number\”\n value=\”20\”\n min=\”1\” \n max=\”50\”\n data-default=\”20\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_2\” aria-label=\”increase years\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_2\” aria-label=\”decrease years\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>years\u003c/span>\n \u003c/div>\n \u003cdiv class=\”radio__container\”>\n \u003cfieldset>\n \u003cdiv class=\”label__container\”>\n \u003clegend class=\”label__input\”>What is your current…\u003c/legend>\n \u003cbutton class=\”label__info-btn\” data-id=\”info-button-3\” aria-label=\”More info on interest rates\”>\u003c/button>\n \u003cdiv class=\”info-box info-button-3\”>\n \u003cdiv class=\”info-box__text\”>For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank's mortgage rate calculator.\u003c/div>\n \u003c/div>\n \u003c/div>\n \u003cdiv class=\”radio__group\”>\n \u003cdiv class=\”input-container\”>\n \u003cinput class=\”radio-input\” type=\”radio\” id=\”interest\” name=\”format-selector\” value=\”interest\” checked=\”true\”>\n \u003clabel for=\”interest\”>interest rate\u003c/label>\n \u003c/div>\n \u003cdiv class=\”input-container\”>\n \u003cinput class=\”radio-input\” type=\”radio\” id=\”monthly\” name=\”format-selector\” value=\”monthly\”>\n \u003clabel for=\”monthly\”>monthly payment\u003c/label>\n \u003c/div>\n \u003c/div>\n \u003c/fieldset>\n \n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input off-screen\” for=\”form_radio_input_1\”>interest rate\u003c/label>\n \u003c/div>\n \n \u003cdiv class=\”input__container input__container–radio\”>\n \u003cinput id=\”form_radio_input_1\”\n name=\”form_radio_input_1\” \n type=\”number\”\n value=\”2.00\”\n min=\”0.50\” \n max=\”10.50\”\n data-default=\”2.00\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_radio_input_1\” aria-label=\”increase %\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_radio_input_1\” aria-label=\”decrease %\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>%\u003c/span>\n \u003c/div>\n \u003c/div>\n \u003cdiv class=\”label__container\”>\n \u003clabel class=\”label__input \” for=\”form_input_3\”>Choose an interest rate to compare with…\u003c/label>\n \u003c/div>\n \n \u003cdiv class=\”input__container \”>\n \u003cinput id=\”form_input_3\”\n name=\”form_input_3\” \n type=\”number\”\n value=\”5.80\”\n min=\”0.10\” \n max=\”100.00\”\n data-default=\”5.80\”\n step=\”any\”\n required=\”required\”\n >\n \n \u003cdiv class=\”input__btn-container\”>\n \u003cbutton class=\”input__btn-increment\” data-direction=\”increment\” data-key=\”form_input_3\” aria-label=\”increase %\”>\u003c/button>\n \u003cbutton class=\”input__btn-decrement\” data-direction=\”decrement\” data-key=\”form_input_3\” aria-label=\”decrease %\”>\u003c/button>\n \u003c/div>\n \u003cspan class=\”input__number-format\” aria-hidden=\”true\”>%\u003c/span>\n \u003c/div>\n \u003cinput class=\”submit-btn\” type=\”submit\” value=\”Calculate\” />\n \u003c/form>\n \u003cdiv class=\”results__container–figures\” aria-hidden=\”true\”>\n \u003cdiv class=\”width-restrict\”>\n \u003cp class=\”results__para\”>At this rate, your payments could change by…\u003c/p>\n \u003cdiv class=\”results__figures\”>\n \u003cp class=\”results__figure results__figure–monthly-increase\”>\u003cspan class=\”figure\”>\u003c/span>\n monthly change\u003c/p>\n \u003cp class=\”results__figure–to\”>to\u003c/p>\n \u003cp class=\”results__figure results__figure–monthly-total\”>\u003cspan class=\”figure\”>\u003c/span>\n monthly total\u003c/p>\n \u003c/div>\n \u003c/div>\n \u003c/div>\n \u003cp class=\”results–off-screen off-screen\”>\u003c/p>\n \u003cdiv class=\”results__container–repayment-estimate\”>\n \u003cp class=\”results__estimate width-restrict\”>\u003c/p>\n \u003c/div>\n \u003cdiv class=\”results__container–error\”>\n \u003cp class=\”results__error\”>The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.\u003c/p>\n \u003c/div>\n \u003cdiv class=\”disclaimer\”>\n \u003cp class=\”disclaimer-para\”>This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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