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The monthly cost of a mortgage can differ greatly depending on whether you are simply paying off interest, or paying off capital and interest. See the potential difference here.
The monthly payment for an interest only mortgage will be
The monthly payment for a repayment mortgage will be
Calculations are a rough guide only.
Some lenders will not put Base Rate changes into effect until the end of the month, some of the rates shown here may still reflect older Base Rates
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