mortgage

What can affect my mortgage repayments?
Interest rate

If you choose a tracker or variable-rate mortgage, your repayments are liable to change each time the rates change. Alternatively, a fixed-rate mortgage means your payments stay the same. Our mortgage calculator lets you see how much you'll pay at various rates.
Repayment period

The longer your repayment period, the lower your monthly repayments will be – although you will end up paying more in the long run. Using our calculator, you can see how much the repayment period could affect your monthly outgoings.
Type of mortgage – repayment or interest-only?

With a repayment mortgage, you will repay what you have borrowed, plus interest. An interest-only mortgage means your repayments will be lower, but you will have to repay what you have borrowed