UK Mortgage Calculator 🏡
Estimate your monthly mortgage repayments instantly. An essential free tool for first-time buyers, homeowners, and buy-to-let investors across the UK.
Your Estimated Repayments
Monthly Payment:
£1,169.23
Total Repayable:
£350,768.86
Total Interest Paid:
£150,768.86
What is a UK Mortgage Calculator?
A UK Mortgage Calculator is an easy-to-use tool that helps you estimate your monthly mortgage repayments when buying a property in the United Kingdom. By entering details like loan amount, interest rate, mortgage term, and deposit, the calculator instantly shows you how much you’ll need to pay each month. This tool is useful for **first-time buyers**, homeowners, landlords using a **buy-to-let mortgage calculator**, and investors who want to plan their property budget accurately.
🔑 Key Features & Benefits
- ✔️ Calculate monthly mortgage repayments instantly
- ✔️ Choose any loan term (5 to 40 years)
- ✔️ Adjust for fixed, tracker, or variable interest rates
- ✔️ Add your deposit for accurate loan-to-value results
- ✔️ See a clear breakdown of principal vs. interest
- ✔️ Works for residential and buy-to-let mortgages
Frequently Asked Questions (FAQ)
Is this mortgage calculator accurate?
Yes, our UK mortgage calculator provides a highly accurate estimate based on the standard amortization formula. However, the final figures, including the interest rate you are offered, will depend on the lender's criteria and your personal financial situation.
Can I use it for buy-to-let properties?
Absolutely. You can use this tool as a buy-to-let mortgage calculator by entering the property price, your deposit amount, the interest rate, and the loan term. It helps investors estimate their monthly costs and potential rental yield.
What’s the average mortgage interest rate in the UK?
Mortgage interest rates in the UK fluctuate based on the Bank of England's base rate and market conditions. Rates typically range from 4% to 6%, but can vary depending on the loan-to-value (LTV) ratio, whether it's a fixed or variable rate, and your credit history.
How much deposit do I need for a mortgage in the UK?
While it's possible to get a mortgage with a 5% deposit, a larger deposit (e.g., 10%, 15%, or more) typically gives you access to better interest rates and lower monthly payments. Our calculator lets you see how different deposit amounts affect your repayments.