Calculate your monthly mortgage payments and compare the best rates from UK lenders. See how much you could borrow and what your repayments would be.
Click a rate to use it in your calculation
Key factors that affect your mortgage payments
Even small rate changes significantly impact your monthly payments and total cost
Longer terms mean lower monthly payments but more interest paid overall
A larger deposit means better rates and lower monthly payments
Lower loan-to-value ratios typically qualify for better interest rates
Common questions about UK mortgages
Most UK lenders will offer between 4 to 4.5 times your annual income. Some may offer up to 5.5 times for higher earners. Your borrowing capacity also depends on your credit score, existing debts, and deposit size.
LTV is the percentage of the property's value that you're borrowing. For example, if you're buying a £300,000 property with a £60,000 deposit, your LTV is 80%. Lower LTVs typically get better interest rates.
Fixed rates give you certainty over your payments for a set period (usually 2-5 years). Variable rates can go up or down with the market. Fixed rates are often preferred when rates are expected to rise.
Common fees include arrangement fees (£0-£2,000), valuation fees (£150-£1,500), legal fees (£500-£1,500), and potentially early repayment charges if you switch before your deal ends.
Most mortgages allow overpayments of up to 10% per year without penalty. Overpaying can significantly reduce your total interest and mortgage term. Check your specific mortgage terms.
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This calculator provides estimates for illustrative purposes only. Actual mortgage rates and terms will depend on your individual circumstances, credit history, and lender criteria. Always seek professional mortgage advice before making financial decisions.