- Principal & Interest: £0
- Council Tax: £0
- Buildings Insurance: £0
- Stamp Duty: £0
- Arrangement Fee: £0
UK Mortgage Calculator
Calculate your home loan payments with UK-specific features
UK Mortgage Calculator
Results
Enter your loan details and click calculate to see results
Extra Repayment Savings!
Money saved:
£0
Loan term reduced:
0 years
These savings are based on your extra repayments. If you make extra payments, you can pay off your loan faster and save on interest.
Amortization Schedule
Important Information:
Representative Example: Based on a mortgage of £200,000 over 25 years at a rate of 4.5% APR (Representative APR 5.1%). Monthly payments of £1,089. Total amount payable £326,700. (This APR is representative and will be available to at least 51% of customers.)
How we calculate your payment: Monthly payment is calculated using the standard amortization formula:
where L is the loan amount, r is the monthly interest rate, and N is the total number of payments. Disclaimer: This calculator is provided for general information only and does not consider your personal circumstances, credit history, or financial situation. It is not mortgage advice and we are not FCA-authorised. You should review your lender's Key Facts Illustration and seek independent professional advice before making any decisions.
* Stamp duty varies by UK nation and property value—see gov.uk/stamp-duty-land-tax. Arrangement and valuation fees may be added to the loan or paid separately—check with your lender.
Important: All figures are estimates based on information you provide. Actual mortgage terms, rates, and fees will vary by lender and individual credit profile. The IFRS 9/FRS 102 calculations are for educational purposes and should not be used for financial reporting without professional verification.
P = [r × L × (1 + r)N] / [(1 + r)N - 1]where L is the loan amount, r is the monthly interest rate, and N is the total number of payments. Disclaimer: This calculator is provided for general information only and does not consider your personal circumstances, credit history, or financial situation. It is not mortgage advice and we are not FCA-authorised. You should review your lender's Key Facts Illustration and seek independent professional advice before making any decisions.
* Stamp duty varies by UK nation and property value—see gov.uk/stamp-duty-land-tax. Arrangement and valuation fees may be added to the loan or paid separately—check with your lender.
Important: All figures are estimates based on information you provide. Actual mortgage terms, rates, and fees will vary by lender and individual credit profile. The IFRS 9/FRS 102 calculations are for educational purposes and should not be used for financial reporting without professional verification.
UK Mortgage Calculator: Your Guide to Home Loans
Understanding Mortgages in the UK
Buying a home in the UK involves understanding mortgage terms, interest rates, and payment schedules. Our UK Mortgage Calculator helps you estimate monthly payments, total interest, and understand how extra payments can reduce your loan term.
Key Features of UK Mortgages
- Principal & Interest: Standard repayment type that reduces your loan balance over time.
- Interest Only: Pay only interest for a set period, then switch to principal & interest.
- APR: Annual Percentage Rate includes all interest and fees.
- LTV (Loan to Value): Ratio of your loan amount to the property value.
- Extra Payments: See how additional payments can shorten your loan term.
How to Use This Calculator
Enter your loan amount, interest rate, loan term, and repayment frequency to get an accurate estimate of your repayments. The calculator shows your amortization schedule and the impact of extra payments.
Tips for UK Home Buyers
- Compare APRs and total cost of credit from multiple lenders.
- Consider the total cost of homeownership, including council tax and insurance.
- Check for early repayment penalties or fees.
- Use extra payments to pay off your mortgage faster and save on interest.
- Review your credit score and financial situation before applying.
Why Use Our Calculator?
- Accurate, up-to-date formulas for the UK
- Includes all major fees and loan types
- Helps you compare different loan terms and rates
- Free, no registration required