£ British Pound

Mortgage Calculator for the United Kingdom

Calculate your monthly mortgage repayments for UK properties. Includes stamp duty guidance for first-time buyers.

Typical Rate

4.3%

Common Term

25 years

Min Down Payment

5%

Max Term

40 years

Calculate Your Mortgage Payment in GBP

Enter the home price and loan details to estimate your monthly payment. Default values are based on typical United Kingdom market conditions.

Home Price

Currency:
$

Down Payment

$0
0% 50%

20% of home price

$

Loan Details

Additional Monthly Costs

Optional: Include property tax and insurance in your monthly estimate

$

Monthly Payment

$0
per month
Principal & Interest $0
Property Tax $0
Home Insurance $0
Total Monthly $0

Loan Summary

Loan Amount $0
Total of Payments $0
Total Interest Paid $0

Mortgage Tips for United Kingdom

1

First-time buyers pay no stamp duty on properties up to £425,000

2

Consider fixed-rate mortgages for payment stability (2-5 year fixes common)

3

Lifetime ISA bonus can help with your deposit (up to £1,000/year)

4

Get a mortgage agreement in principle before house hunting

5

Budget for solicitor fees, surveys, and moving costs

Important Considerations in United Kingdom

  • Stamp duty applies to properties over £250,000 (higher thresholds for first-time buyers)
  • Variable and tracker rates can change with Bank of England base rate
  • Council tax is a separate monthly expense (not included in mortgage)
  • Leasehold vs freehold affects long-term costs

Frequently Asked Questions

What is the typical mortgage term in United Kingdom?

In United Kingdom, common mortgage terms are 25, 30, 35 years. The most popular option is 25 years, balancing monthly affordability with total interest paid. The maximum term typically available is 40 years.

What is the minimum down payment required?

The minimum down payment in United Kingdom is typically 5% of the home price. A 20% down payment is often recommended to get the best terms.

How much would a typical monthly payment be?

For a £270,000 home with 20% down (£54,000) at 4.3% for 25 years, the principal and interest payment would be approximately £1,176 per month. Add property taxes and insurance for your total housing payment.

Does this calculator need my bank information?

No. This calculator is 100% private. There's no bank connection, no account creation, and no data collection. Everything is calculated in your browser and never sent anywhere. Your financial privacy is completely protected.

Other Country Calculators

$ United States C$ Canada A$ Australia ₹ India

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