15 February 2011

With sustained inflation driving the UK economy in recent months more and more people are starting to wonder; "how much mortgage can I afford?"

This is a legitimate concern for many homeowners, as the price of every day commodities begins to swallow a larger chunk of their income. As this rise in the cost of living continues, an increasing number of homeowners start to feel their monthly mortgage repayments come under pressure.

The question is, when it comes to your mortgage, how much can you afford? Using our 'how much will it cost' calculator you can work out what your monthly repayments are should interest rates continue to rise. You can refine your calculation to enable you to plan for the future, and make sure you can afford your mortgage repayments.

Want mortgages explained? Visit our specially dedicated mortgages page to find out how much you can borrow, and how much it will cost you over the duration of the mortgage term.

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