Calculate your monthly mortgage payments, see how much you can borrow, and understand the true cost of your mortgage
| Year | Payment | Principal | Interest | Balance |
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* Annual summary for first 10 years shown. Full amortization schedule available in detailed view.
First-time buyers pay 0% up to £425,000 in England & NI. Use our Stamp Duty Calculator for exact costs.
This UK mortgage calculator provides estimates based on the information you enter. Results are for guidance only and do not constitute financial advice. Actual mortgage offers will depend on your credit score, employment status, and lender criteria.
Calculations based on UK mortgage practices and regulations
Shows capital + interest breakdown for each payment
Loan-to-Value ratio automatically calculated from deposit
View complete payment breakdown over full mortgage term
Most UK lenders require at least 5-10% deposit. A larger deposit (15-20%) usually gets you better interest rates. First-time buyer schemes may allow 5% deposits with government support.
Loan-to-Value (LTV) is your mortgage amount divided by property price. Lower LTV (bigger deposit) means less risk for lenders, resulting in lower interest rates. 60-75% LTV gets the best rates.
Repayment mortgages pay off both capital and interest - you'll own the home at term end. Interest-only mortgages only pay interest - you need a separate repayment plan for the capital.
Check current mortgage rates (typically 4-6% in 2025). Use the rate you've been offered, or add 1-2% to base rate for estimates. Fixed rates are stable, variable rates can change.
No, this calculator shows basic mortgage payments only. You'll also need to budget for arrangement fees, valuation fees, legal costs, and buildings insurance.
This provides estimates based on standard UK mortgage calculations. Actual offers depend on credit checks, lender criteria, and product-specific terms. Always get a formal mortgage illustration.
Important: This calculator is for informational purposes only. Business Outstanders is not a lender and does not provide financial advice. Always consult with a qualified mortgage advisor before making decisions. Results are estimates and not guaranteed.