Mortgage payments

[hammerman]

Hi all, before i approach the bank, would anyone know how much the repayments would be on a 100k mortgage on the present interest rates with the halifax's basic repayment mortgage over 20 years ?

If you need any more info, please ask away....just looking for a rough guide.

Thanks

HM

[KJN]

Approx £700 per month, taking a four year fixed rate at 5 per cent p.a.

[hammerman]

thanks KJN...what about if you didn't have the fixed rate deal and opted to stay with the basic rate

[CheekyChops]

By basic rate do you mean the standard variable rate (currently 3.5%)? If so, you can't choose this when taking out a new mortgage. You go onto this rate after a fixed rate ends or similar. For a new mortgage you will have to choose a fixed rate or a tracker.

If you have just come to the end of a fixed rate and are therefore going to drop onto the SVR rate of 3.5%, the repayments should be about £590.

[Postdog]

many banks have online calculators