United Kingdom
UK Mortgage Payment Calculator
Standard repayment mortgage monthly payment.
Loan amount
£240,000.00
Monthly payment
£1,473.81
Total interest
£202,142.99
Mortgage type
Repayment
UK mortgage repayment guide
Repayment vs interest-only
Repayment mortgages pay down capital and interest each month so the loan is cleared by term end. Interest-only mortgages pay only interest — you need a separate plan to repay the capital.
Most residential buyers use repayment. Interest-only is more common for buy-to-let with documented repayment vehicles.
UK-specific considerations
Deposit requirements typically start around 5–10% for residential purchases, with better rates at 15–25% deposit. Loan-to-value (LTV) bands affect the rate you are offered.
Use our stamp duty calculator for SDLT in England and Northern Ireland. Scotland uses LBTT and Wales uses LTT with different bands and reliefs.
- Standard variable rate (SVR) and tracker products differ from fixed-rate deals.
- Stress tests apply — lenders assess affordability at higher rates.
- Arrangement fees can be added to the loan or paid upfront.
Frequently asked questions
- ?What is LTV?
- Loan-to-value is your mortgage divided by property value. A £180,000 loan on a £200,000 home is 90% LTV.
- ?How long are typical UK mortgage terms?
- 25–30 year terms are common, though shorter terms reduce total interest paid.