Mortgage Calculators


Mortgage calculator - How much can I borrow?

Enter your income to see how much you could borrow:

£
 *
£
Maximum Borrowing:
Please note:

The amount you can borrow will depend on a variety of things, including:
- the amount of deposit you have, and
- any outstanding commitments you may have (including credit card debt).

Mortgage repayment calculator - What will my repayments be?

Find out what your monthly mortgage repayments might be:

£
 *
 *
(%)
 *
(years)
Monthly Repayment:
Monthly Interest only:
Please note:

Interest only mortgage repayments are lower because you don't repay any of the capital owing. If you take out an interest only mortgage, you should consider an insurance or investment to ensure you are able to repay the capital at the end of the term.

This calcuator is based on how much you want to borrow and calculated against the initial rate.  It does not consider any repayments after the end of a deal period.  The calculation is for illustration purposes only and may vary according to your personal circumstances and the mortgage provider.


Mortgage Best Buys

Our best buys supply the Daily & Sunday Times, Telegraph, Independent, Express, Mirror, Sun, What Mortgage & Your Mortgage

Remortgage

Mortgages suitable for those remortgaging, ranked on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed

HSBC

1.99% 2 Years £1499 3.8% APR 60%
Our opinion: DISCOUNT – HSBC are offering this discount rate at 1.99% for 2 Years. A deposit of 40% is required and there is a £1499 arrangement fee payable. There will be an Early Repayment Charge payable during the discount period.

Leeds BS

2.45% 2 Years £999 5.4% APR 75%
Our opinion: DISCOUNT – Leeds BS have released this 2 year discount at only 2.45%. The arrangement fee is £999 and you will require a 25% deposit. An early repayment charge applies for the discount period.

first direct

1.99% 2 Years £1499 3.6% APR 65%
Our opinion: TRACKER - This variable mortgage charges 1.49% above base rate for two years, giving a current pay rate of 1.99%. The arrangement fee is £1499 and a minimum deposit of 35% is required. There is no Early Repayment Charge on this product.

Santander

0800 028 4035

2.09% 2 Years £1995 4% APR 60%
Our opinion: TRACKER -This variable mortgage charges 1.59% above base rate for two years, giving a current pay rate of 2.09%. The arrangement fee is £1995 and a minimum deposit of 40% is required. An early repayment charge is payable for the tracker rate period.

Chelsea BS

2.39% March 2014 £1495 5.4% APR 70%
Our opinion: TRACKER– This variable mortgage charges 1.89% above base rate until March 2014, giving a current pay rate of 2.39%. The fee £1,495 and a 30% deposit is required. An early repayment charge applies.

NatWest

2.45% March 2014 £999 3.9% APR 60%
Our opinion: TRACKER -This variable mortgage charges 1.95% above base rate for two years, giving a current pay rate of 2.45%. The arrangement fee is £999 and a minimum deposit of 40% is required. An early repayment charge is payable until 31/03/2014.

HSBC

2.24% May 2014 £1999 3.8% APR 60%
Our opinion: FIXED – HSBC are offering this low 2 year fixed rate at only 2.24%, the fee is £1999 and a 40% deposit is needed. An early repayment charge applies for the fixed rate period.

Santander

0800 028 4035

2.35% April 2014 £1995 4.1% APR 60%
Our opinion: FIXED – Santander are offering this low 2 year fixed rate at only 2.35%, the fee is £1995 and a 40% deposit is needed. An early repayment charge applies for the fixed rate period.

first direct

2.88% 3 Years £1499 3.7% APR 65%
Our opinion: FIXED – first direct are offering this low 3 year fixed rate at 2.88%, a deposit of 35% is required. An early repayment charge is payable for the first 3 years.

Chelsea BS

3.19% March 2017 £1495 4.9% APR 70%
Our opinion: FIXED – Chelsea BS are offering this 5 year fixed rate at 3.19%, the fee is £1,495 and a 30% deposit is required. An early repayment charge applies for the fixed period.

Fixed

Mortgages with a fixed rate for an initial term, ranked on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed

HSBC

2.24% May 2014 £1999 3.8% APR 60%
Our opinion: FIXED – HSBC are offering this low 2 year fixed rate at only 2.24%, the fee is £1999 and a 40% deposit is needed. An early repayment charge applies for the fixed rate period.

Santander

0800 028 4035

2.35% April 2014 £1995 4.1% APR 60%
Our opinion: FIXED – Santander are offering this low 2 year fixed rate at only 2.35%, the fee is £1995 and a 40% deposit is needed. An early repayment charge applies for the fixed rate period.

Market Harborough BS

2.69% February 2014 £1595 5.1% APR 75%
Our opinion: FIXED – Market Harborough BS are offering this 2 year fixed rate at 2.69%, the fee is £1595 and a 25% deposit is needed. An early repayment charge applies until 28/02/2014.

first direct

2.88% 3 Years £1499 3.7% APR 65%
Our opinion: FIXED – first direct are offering this low 3 year fixed rate at 2.88%, a deposit of 35% is required. An early repayment charge is payable for the first 3 years.

Chelsea BS

2.94% March 2015 £1895 5.3% APR 70%
Our opinion: FIXED – Chelsea BS are offering this 3 year fixed rate at only 2.94%, the fee is £1,895 and a 30% deposit is required. An early repayment charge applies for the fixed period.

Leeds BS

2.95% April 2015 £999 5.3% APR 75%
Our opinion: FIXED – Leeds BS are offering this 3 year fixed rate at 2.95%, a deposit of only 25% is required. An early repayment charge is payable until 30/04/2015. You will need to take out the providers home insurance to qualify for this rate.

Chelsea BS

3.19% March 2017 £1495 4.9% APR 70%
Our opinion: FIXED – Chelsea BS are offering this 5 year fixed rate at 3.19%, the fee is £1,495 and a 30% deposit is required. An early repayment charge applies for the fixed period.

first direct

3.24% 5 Years £1999 3.7% APR 65%
Our opinion: FIXED – first direct are offering this low 5 year fixed rate at 3.24%, a deposit of 35% is required. An early repayment charge applies for the fixed rate period.

Yorkshire BS

3.39% February 2017 £995 4.5% APR 75%
Our opinion: FIXED – Yorkshire BS are offering this 5 year fixed rate at 3.39%, a deposit of 25% is required and there is a £995 arrangement fee. An early repayment charge applies for the fixed rate period.

Britannia BS

3.39% April 2017 £999 4.1% APR 75%
Our opinion: FIXED – Britannia BS are offering this 5 year fixed rate at 3.39%, the fee is £999 and a 25% deposit is required. An early repayment charge is payable until 30/04/2017.

Chelsea BS

3.64% March 2019 £395 4.8% APR 70%
Our opinion: FIXED – Chelsea BS are offering this 7 year fixed rate at 3.64%, a deposit of 30% is required, the arrangement fee is only £395 and the product comes with £200 cashback. An early repayment charge applies for the fixed rate period.

Trackers & Discounted

Mortgages where the rate either tracks the Bank of England base rate or lender base rate and mortgages that are discounts off the lenders SVR, ranked on lowest payrate. Where a providers logo is displayed products may be applied for directly.

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed
Discount & Variable Mortgages

HSBC

1.99% 2 Years £1499 3.8% APR 60%
Our opinion: DISCOUNT – HSBC are offering this discount rate at 1.99% for 2 Years. A deposit of 40% is required and there is a £1499 arrangement fee payable. There will be an Early Repayment Charge payable during the discount period.

Leeds BS

2.45% 2 Years £999 5.4% APR 75%
Our opinion: DISCOUNT – Leeds BS have released this 2 year discount at only 2.45%. The arrangement fee is £999 and you will require a 25% deposit. An early repayment charge applies for the discount period.
Tracker Mortgages

first direct

1.99% 2 Years £1499 3.6% APR 65%
Our opinion: TRACKER - This variable mortgage charges 1.49% above base rate for two years, giving a current pay rate of 1.99%. The arrangement fee is £1499 and a minimum deposit of 35% is required. There is no Early Repayment Charge on this product.

Santander

0800 028 4035

2.09% 2 Years £1995 4% APR 60%
Our opinion: TRACKER -This variable mortgage charges 1.59% above base rate for two years, giving a current pay rate of 2.09%. The arrangement fee is £1995 and a minimum deposit of 40% is required. An early repayment charge is payable for the tracker rate period. This product is available for remortgages only.

Chelsea BS

2.39% March 2014 £1495 5.4% APR 70%
Our opinion: TRACKER– This variable mortgage charges 1.89% above base rate until March 2014, giving a current pay rate of 2.39%. The fee £1,495 and a 30% deposit is required. An early repayment charge applies.

NatWest

2.45% March 2014 £999 3.9% APR 60%
Our opinion: TRACKER– This variable mortgage charges 1.95% above base rate for 2 years, giving a current pay rate of 2.45%. The fee is £999 and a 40% deposit is required. An early repayment charge is payable until 31/03/2014.

Market Harborough BS

2.48% 2 Years £845 5% APR 75%
Our opinion: TRACKER - This variable mortgage charges 1.98% above base rate for two years, giving a current pay rate of 2.48%. The arrangement fee is £845 and a minimum deposit of 25% is required. There is no Early Repayment Charge on this product.

HSBC

2.49% Term £0 2.5% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.99% above base rate for the term of the mortgage, giving a current pay rate of 2.49%. There is no arrangement fee and a minimum deposit of 40% is required. There is no Early Repayment Charge on this product.

Yorkshire BS

2.49% February 2014 £995 4.7% APR 75%
Our opinion: TRACKER - This variable mortgage charges 1.99% above base rate for 2 years, giving a current pay rate of 2.49%. There is a £995 arrangement fee and a minimum deposit of 25% is required. There is an Early Repayment Charge on this product.

Vernon BS

2.6% 2 Years £499 4.7% APR 70%
Our opinion: TRACKER - This variable mortgage charges 2.10% above base rate for two years, giving a current pay rate of 2.60%. The arrangement fee is £499 and a minimum deposit of 30% is required. An Early Repayment Charge is payable for the first 2 years.

Fees Free

Mortgages with no booking or arrangement fees to pay, ranked on lowest payrate. Where provider's logo is displayed, products may be applied for directly

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed
Fixed Rate Mortgages

Principality BS

3.14% March 2014 £0 4.9% APR 75%
Our opinion: FIXED – Principality BS are offering this 2 year fixed rate at 3.14%, there is no arrangement fee payable and a 25% deposit is needed. An early repayment charge is payable until 31/03/2014.

NatWest

3.15% March 2014 £0 4% APR 60%
Our opinion: FIXED – NatWest are offering this 2 year fixed rate at 3.15%, there is no arrangement fee payable and a 40% deposit is needed. An early repayment charge applies for the fixed rate period.

first direct

3.19% 2 Years £0 3.7% APR 65%
Our opinion: FIXED – first direct are offering this 2 year fixed rate at 3.19%, there is no arrangement fee payable and a 35% deposit is needed. An early repayment charge applies for the fixed rate period.

HSBC

3.29% May 2014 £0 3.9% APR 70%
Our opinion: FIXED – HSBC are offering this 2 year fixed rate with a 70% loan to value and a current rate of 3.29%. There is no arrangement fee payable and an early repayment charge is payable until 31/05/2014.

Halifax

3.29% March 2014 £0 4% APR 60%
Our opinion: FIXED – Halifax are offering this 2 year fixed rate with a 60% loan to value and a current rate of 3.29%. There is no arrangement fee payable and an early repayment charge is payable until 31/03/2014.
Tracker Mortgages

HSBC

2.49% Term £0 2.5% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.99% above base rate for the term of the mortgage, giving a current pay rate of 2.49%. There is no arrangement fee and a minimum deposit of 40% is required. There is no Early Repayment Charge on this product.

first direct

2.69% 2 Years £0 3.6% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.19% above base rate for two years, giving a current pay rate of 2.69%. There is no arrangement fee payable and a minimum deposit of 35% is required. No early repayment charge is payable.

Cumberland BS

2.85% 5 Years £0 3.8% APR 75%
Our opinion: TRACKER -This variable mortgage charges 2.35% above base rate for 5 years, giving a current pay rate of 2.85%. There is no arrangement fee payable and a minimum deposit of 25% is required. There is an Early Repayment Charge payable for 5 years.

NatWest

2.85% March 2014 £0 3.9% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.35% above base rate for two years, giving a current pay rate of 2.85%. There is no arrangement fee payable and a minimum deposit of 40% is required. There is an early repayment charge payable until 31/03/2014.

Santander

0800 028 4035

3.44% 2 Years £0 4.2% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.94% above base rate for two years, giving a current pay rate of 3.44%. There is no arrangement fee payable and a minimum deposit of 40% is required. There is an early repayment charge payable for 2 years.

Low Deposit

Mortgages suitable for those with a deposit of 10% or more, ranked on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed
Discount & Variable Mortgages

Share to Buy

Graduates only. Joint applicants only

3.79% Term £0 3.9% APR 90%
Our opinion: DISCOUNT – FOR JOINT APPLICATIONS BY GRADUATES ONLY. Competitive discount deal with no arrangement or valuation fees. What sets this deal apart is that it is not only a fee free low rate deal, but there are no early repayment charges. The minimum loan is £75,000.

HSBC

3.84% 2 Years £0 4% APR 90%
Our opinion: DISCOUNT – HSBC are offering this low 2 year discount rate at 3.84%. There is no arrangement fee and a minimum deposit of only 10% is required. An Early Repayment Charge is payable.
Fixed Rate Mortgages

Lloyds TSB

4.04% March 2015 £1094 4.3% APR 95%
Our opinion: FIXED - Lloyds TSB are offering this Lend a Hand product exclusive for first time buyers. Buyers need a 5% deposit along with a helper who is prepared to offer another 20% of the property value (to be held in a special Lend a Hand savings account and on which they will earn 3.70% interest) as additional security for the mortgage.

first direct

4.19% 2 Years £999 4% APR 90%
Our opinion: FIXED – first direct are offering this fixed rate at 4.19% for 2 years. A deposit of only 10% is required and the arrangement fee is £999. An Early Repayment Charge is payable for the fixed rate period.

Yorkshire BS

4.49% February 2014 £995 5.1% APR 90%
Our opinion: FIXED– Yorkshire BS are offering this 2 year fixed rate at 4.49%. The fee is £995 and a 10% deposit is required. An early repayment charge is payable until 28/02/2014.

HSBC

4.89% May 2017 £599 4.5% APR 90%
Our opinion: FIXED – HSBC are offering this fixed rate at 4.89% for 5 years. A low deposit of only 10% is required and the fee is £599. An Early Repayment Charge is payable for the fixed rate period.

Leeds BS

4.94% February 2017 £999 5.8% APR 90%
Our opinion: FIXED – Leeds BS are offering this fixed rate at 4.94% for 5 years. A deposit of only 10% is required and the arrangement fee is £999. An Early Repayment Charge is payable for the fixed rate period. You will need to take out the providers home insurance to qualify for this rate.
Tracker Mortgages

HSBC

4.59% Term £599 4.8% APR 90%
Our opinion: TRACKER -This variable mortgage charges 4.09% above base rate for the term of the mortgage, giving a current pay rate of 4.59%. The arrangement fee is £599 and a minimum deposit of only 10% is required. There is no Early Repayment Charge payable.

first direct

4.79% 2 Years £0 4% APR 90%
Our opinion: TRACKER -This variable mortgage charges 4.29% above base rate for 2 years, giving a current pay rate of 4.79%. There is no arrangement fee payable and a minimum deposit of only 10% is required. There is no early repayment charge.

NatWest

4.89% March 2014 £999 4.4% APR 90%
Our opinion: TRACKER -This variable mortgage charges 4.39% above base rate for 2 years, giving a current pay rate of 4.89%. The arrangement fee is £999 and a minimum deposit of 10% is required. An Early Repayment Charge is payable with this product.

Offset

Mortgages with an offset facility attached, ranked on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed
Fixed Rate Mortgages

first direct

2.88% 3 Years £1999 3.7% APR 65%
Our opinion: FIXED – first direct are offering a 3 year fixed product at a rate at 2.88%. You will require a deposit of 35% and an early repayment charge applies for the fixed rate period.

Coventry BS

2.95% December 2013 £999 4.5% APR 65%
Our opinion: FIXED – For those with a 35% deposit, Coventry BS are offering a 2-year rate of 2.95%, the rate reverts to the SVR, currently 4.74%, for 3 years and then to a variable rate of 4.49% for the term of the mortgage. The arrangement fee is £999 and there is an early repayment charge payable.

Chelsea BS

2.99% March 2014 £1895 5.5% APR 70%
Our opinion: FIXED – A 2 year fixed product is on offer from Chelsea building society at a rate of 2.99%. You will require a deposit of 30% and an early repayment charge applies for the fixed rate period.

Yorkshire BS

3.04% February 2014 £995 4.8% APR 75%
Our opinion: FIXED – Yorkshire BS are offering a 2 year fixed product at a rate of 3.04%. You will require a deposit of 25% and an early repayment charge is payable until 28/02/2014.

Norwich & Peterborough BS

0845 508 1884

3.09% 2 Years £795 4.8% APR 75%
Our opinion: FIXED – Norwich & Peterborough BS are offering this 2 year fixed product at a rate of 3.09%. You will require a deposit of 25% and an early repayment charge applies for 2 years.
Tracker Mortgages

first direct

2.28% 2 Years £1499 3.7% APR 65%
Our opinion: TRACKER -This variable mortgage charges 1.78% above base rate for two years, giving a current pay rate of 2.28%. The arrangement fee is £1499 and a minimum deposit of 35% is required. There is no Early Repayment Charge payable on this product.

Chelsea BS

2.59% March 2014 £1495 5.5% APR 70%
Our opinion: TRACKER– This variable mortgage charges 2.09% above base rate for 2 years, giving a current pay rate of 2.59%. The fee is £1,495 and a 30% deposit is required. An early repayment charge applies on this product.

Coventry BS

2.59% December 2013 £999 4.4% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.09% above base rate for two years, giving a current pay rate of 2.59%. The rate reverts to the SVR, currently 4.74%, for 3 years and then to a variable rate of 4.49% for the term of the mortgage. The arrangement fee is £999 and a minimum deposit of 35% is required. . There is an Early Repayment Charge payable on this product.

Yorkshire BS

2.69% February 2014 £995 4.7% APR 75%
Our opinion: TRACKER -This variable mortgage charges 2.19% above base rate for two years, giving a current pay rate of 2.69%. The arrangement fee is £995 and a minimum deposit of 25% is required. . An early repayment charge applies on this product.

Market Harborough BS

2.75% 2 Years £645 3.8% APR 80%
Our opinion: TRACKER -This variable mortgage charges 2.25% above base rate for two years, giving a current pay rate of 2.75%. The arrangement fee is £645 and a minimum deposit of only 20% is required. There is no early repayment charge with this mortgage.

Buy to Let

Mortgages suitable for those with a 40% deposit who are looking for a buy to let mortgage, ranked on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Fees Overall Cost for Comparison Max Loan To Value Proceed
Fixed Rate Mortgages

Nottingham BS

3.59% January 2014 £1999 6.2% APR 60%
Our opinion: FIXED – Nottingham BS are offering a 2 year fixed rate at 3.59%. The arrangement fee is £1999 and you will require a deposit of 40%, an early repayment charge applies for the fixed rate period.

Coventry BS

3.75% March 2014 £2249 4.9% APR 65%
Our opinion: FIXED – Coventry BS are offering this 2 year fixed rate at 3.75%. You will require a deposit of 35% and an Early Repayment Charge is payable until 31/03/2014.

BM Solutions

3.79% March 2014 2.5% 5.1% APR 60%
Our opinion: FIXED – A 2 year fixed rate product is being offered by BM Solutions with a rate of 3.79%. The fee is 2.5% of the loan and an early repayment charge applies for the fixed rate period.

The Mortgage Works

3.89% March 2014 3.5% 5.4% APR 65%
Our opinion: FIXED – A fixed rate product is being offered by The Mortgage Works at a rate of 3.89% until March 2014. The fee is 3.5% and you will need a deposit of 35%. An early repayment charge applies for the fixed rate period.

Leeds BS

3.89% April 2014 £1499 6% APR 60%
Our opinion: FIXED – Leeds BS have released this 2 year fixed rate at 3.89%, the fee is £1,499 and you will need a 40% deposit to qualify. An early repayment charge is payable until 30/04/2014.
Tracker Mortgages

Principality BS

2.74% March 2014 2.5% 4.8% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.24% above base rate for two years, giving a current pay rate of 2.74%. The arrangement fee is 2.5% of the loan and a minimum deposit of 40% is required. An Early Repayment Charge is payable until 31/03/2014.

Nottingham BS

3.29% 2 Years £1299 6.1% APR 60%
Our opinion: TRACKER - This variable mortgage charges 2.79% above base rate for two years, giving a current pay rate of 3.29%. A minimum deposit of 40% is required. An Early Repayment Charge is payable with this product.

Coventry BS

3.49% March 2014 £1499 4.7% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.99% above base rate for two years, giving a current pay rate of 3.49%. The arrangement fee is £1249 and the booking fee is £250. A minimum deposit of 35% is required and an Early Repayment Charge is payable until 31/03/2014.

The Mortgage Works

3.49% March 2014 3.5% 5.2% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.99% above base rate for two years, giving a current pay rate of 3.49%. The arrangement fee is 3.5% and a minimum deposit of 35% is required. An Early Repayment Charge is payable with this product.

Skipton BS

3.59% 2 Years £1240 5% APR 60%
Our opinion: TRACKER -This variable mortgage charges 3.09% above base rate for two years, giving a current pay rate of 3.59%. The product fee is £1240 and a minimum deposit of 40% is required. An Early Repayment Charge is payable for 2 years.

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Why would you use a mortgage calculator?


Mortgage calculators are useful guidance tools which give you an idea of either: how much you will be allowed to lend, based on your earnings, or how much your mortgage repayments will be, based on the amount borrowed, the interest rate and term of the mortgage.


Here at MoneySupermarket we have two types of mortgage calculator. The borrowing mortgage calculator will tell you know how much money you will be able to borrow to buy your new property. The mortgage repayment calculator tells you how much you will need to repay on a monthly basis.


Our mortgage calculators can give you an indication of what you can afford to borrow and what your monthly repayments will be, but you should remember that these only offer an indication, as different lenders have different ways of assessing what you can borrow and how you make repayments.


What information you'll need to use our mortgage calculators


To use our borrowing mortgage calculator, all you will need is your current income and the income of your partner - if you're planning on buying a property as a couple.


When you enter your yearly income and hit calculate, it will return an estimate of the maximum amount you will be able to borrow. For example, if your income is £20,000 and your partner's income is £20,000, you should be able to borrow around £120,000.


Our mortgage repayment calculator is different, and to make sure the answer returned is realistic you need to need to ensure you enter accurate information.

To use our mortgage repayment calculator you will need to know the loan amount you require, the interest rate you will be borrowing at and how long you want to take out your mortgage for.


For example, if you entered a loan amount of £100,000 at an interest rate of 5% over a 25 year term, then your monthly repayment amount will be roughly £584.59.


What else do you need to remember?


When working out your mortgage payments using our mortgage calculator, you should also factor in arrangement fees, as the initial set-up costs can vary significantly from lender to lender. See our mortgage channel to find the best possible rate available for you.