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Base Rate Mortgage Ready Reckoner

For immediate release

Ahead of Thursday’s MPC decision, TotallyMoney, the credit app which helps everyone move their finances forward, and Moneycomms calculate the impact of the Bank of England’s base rate rises on tracker and variable rate mortgages.

The full press release including the Ready Reckoner can be found at:

Alastair Douglas CEO TotallyMoney comments:

“With households already feeling the impact of soaring inflation, an increase to the base rate will serve as another blow to the two million mortgage customers on variable-rate deals.

“Those with a fixed-rate mortgage won’t be impacted, but it’s worth checking to see when the deal runs out to avoid any surprises to your payments. If you’re looking to switch to a new deal, make sure you include any fees and charges when calculating the costs.

“At TotallyMoney, we’re on a mission to help everyone move their finances forward. One way we’re doing this is by putting customers in control of their own financial data. As with other forms of credit, the most competitive mortgage offers are usually reserved for those with the best credit scores. So checking your report can be vital in moving toward a better financial future”.

Andrew Hagger, Personal Finance Expert of Moneycomms.co.uk comments:

”The latest hike in mortgage payments will be a hammer blow to households up and down the country, who are facing a tsunami of increased costs for essential goods and services. 

“Those customers on a fixed rate will be shielded for now, but when their fixed rate comes up for renewal, some will face a triple-digit monthly payment increase”.

For more information, please contact the press team

About TotallyMoney

With a focus on the one in three UK adults financially under-served by the financial services industry, TotallyMoney is the credit app on a mission to help everyone move their finances forward.

TotallyMoney believes people’s financial data should work for them, and not against them and with more than four million customers, they provide the UK’s only free, live credit score and report.

Its service helps customers understand their financial position and provides personalised recommendations so they can start creating financial momentum. TotallyMoney also works closely with leading lenders, to ensure eligible customers are matched with the right products, underpinned by its robust data, product and tech capabilities.

TotallyMoney is regulated by the Financial Conduct Authority (FCA).

With a focus on the one in three UK adults financially under-served by the financial services industry, TotallyMoney is the credit app on a mission to help everyone move their finances forward.

TotallyMoney believes people’s financial data should work for them, and not against them and with more than four million customers, they provide the UK’s only free, live credit score and report.

Its service helps customers understand their financial position and provides personalised recommendations so they can start creating financial momentum. TotallyMoney also works closely with leading lenders, to ensure eligible customers are matched with the right products, underpinned by its robust data, product and tech capabilities.

TotallyMoney is regulated by the Financial Conduct Authority (FCA).

We're on a mission to help everyone move their finances forward and gain financial momentum.


TotallyMoney is an independent credit broker, not a lender. Our comparison service works with most leading lenders, covering the majority of the market. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.

We don't provide financial advice. Product information is obtained from independent sources and rates displayed may vary depending on your personal circumstances. While we make every effort to ensure that information is up to date, you should always confirm the terms of the offer with the product provider.

TotallyMoney is owned and operated by TotallyMoney Limited which is registered in England and Wales (Company Registration Number 06205695). TotallyMoney Limited is an Appointed Representative of TM Connect Limited, which is registered in England and Wales (Company Registration Number 06967012) and authorised and regulated by the Financial Conduct Authority in respect of consumer credit related activities (FCA FRN: 511936). Registered Office: 5th Floor, Halo, Counterslip, Bristol, BS1 6AJ. Credit is available, subject to status, only to UK residents aged 18 or over.