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So you want to know how much your mortgage will cost you?

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The current Bank Rate, controlled by the Bank of England is

 

4th December 2008

 

 

 

Interest Rate Trends

 


Source: Bank of England

Did you know ...?
On a typical £100,000 Repayment Mortgage over 25 years with an interest rate of 7.5%, paying just £50 extra each month will repay the mortgage 46 months early - that's nearly 4 years - saving over £22,700.

MyMortgagePlan.co.uk is designed to give you the tools to discover just how much your mortgage costs. Whether you have an existing mortgage or you are planning to take on a new mortgage or remortgage, you will find the tools you need here.

Our tools will help you to find out how much you can save on your mortgage based on how much you can afford to repay early with extra payments; either regular payments or one-off lump sum payments.

 News

04/12/2008 Bank of England Lowers Bank Rate by 1.0 Percentage Point to 2%

The Bank of England's Monetary Policy Committee today voted to lower the official Bank Rate paid on commercial bank reserves by 1 percentage points to 2%.

06/11/2008 Bank of England Lowers Bank Rate by 1.5 Percentage Points to 3%

The Bank of England's Monetary Policy Committee today voted to lower the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%.

08/10/2008 Bank of England Lowers Bank Rate by 0.5 Percentage Point to 4.5%

The Bank of England's Monetary Policy Committee today voted at a special meeting to reduce the official Bank Rate paid on commercial bank reserves to 4.5%.

10/04/2008 Bank of England Lowers Bank Rate by 0.25 Percentage Point to 5.0%

The Bank of England's Monetary Policy Committee today voted to lower the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5%.

07/02/2008 Bank of England Lowers Bank Rate by 0.25 Percentage Point to 5.25%

The Bank of England's Monetary Policy Committee today voted to lower the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.25%.

01/01/2008 New Year promotion

To celebrate the dawn of the new year 2008, we are running a new membership referral promotion during January 2008. Simply refer a friend to our site, and let them cite your registered email address as a referral and you both stand a chance of winning a free upgrade to full membership. See here for more information.

06/12/2007 Bank of England Lowers Bank Rate by 0.25 Percentage Point to 5.5%

The Bank of England's Monetary Policy Committee today voted to lower the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.5%. This is the first rate change since the increase in July 2007.

09/07/2007 MyMortgagePlan.co.uk completes Beta Testing

MyMortgagePlan.co.uk today announced that the site has completed its Beta Testing and has now launched to all users of the internet, with added features and improved security. This milestone has been achieved just four months after the initial Beta launch with the help of feedback from early users.

05/07/2007 Bank of England Raises Bank Rate by 0.25 Percentage Point to 5.75%

The Bank of England's Monetary Policy Committee today voted to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.75%

22/03/2007 Household Budget Planner

Our new household budget planner will help you to see your regular outgoings and plan a budget to save money.

21/03/2007 RSS Feed

We have added an RSS Feed to our site so we can keep our users up-to-date with site updates.

01/03/2007 Beta Site Launched

We are pleased to announce the Beta launch of our site MyMortgagePlan.co.uk. The site is dedicated to providing tools for mortgage planning, and a place for the community to discuss mortgage planning and repayment.