UK Mortgage Calculator
Calculate your monthly mortgage repayment with current UK rates. Includes full repayment schedule.
Loan Details
Results
Monthly Repayment
£1,425
Principal
£250,000
Total Interest
£177,588
Total Paid
£427,588
UK mortgage types
- Fixed rate: locked for 2, 3, 5, or 10 years. Good when rates are rising.
- Tracker: tracks Bank of England base rate + margin. Good when BoE is cutting.
- Standard Variable Rate (SVR): the lender\'s default. Usually higher than fixed/tracker — avoid.
How much can I borrow?
Typically 4-4.5x sole income or 3.5-4x joint income. Lenders stress-test at +3% on the rate to ensure affordability if rates rise. LTV (Loan-to-Value) above 85% limits options; above 95% is specialist-only.
Frequently Asked Questions
Everything you need to know, in one place.
What is a good UK mortgage rate in 2026?
Fixed 2-year: 4.25%-5.5%. Fixed 5-year: 4.0%-5.25%. Variable (tracker): Bank of England base rate + 0.5-1.5%. Best rates for 60% LTV; rates rise as LTV increases.
What deposit do I need?
Minimum 5-10% for most lenders. 15-25% gets much better rates. First-time buyer schemes (Help to Buy, LISA) can help reach the deposit quicker.
What is mortgage affordability based on?
Typically 4.5x single income or 4x joint income. Lenders stress-test at +3% on the rate to ensure you can still afford payments if rates rise.
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