Mortgage rates are likely to stay in the 4-5% range this year while changes to affordability testing by lenders could give buyers a boost.
Mortgage calculator
Monthly repayment
£1,315 per month
You could potentially borrow
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Halifax mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Calculate your mortgage payments with ease
Welcome to our mortgage calculator, a powerful tool that can help you estimate your monthly payments with ease. Whether you're a first-time buyer or looking to refinance your existing mortgage, our mortgage calculator can provide you with valuable insights into your potential monthly payments, helping you to plan your home financing.
How a mortgage calculator can help
Save time and money
Estimate your monthly payments accurately, allowing you to plan your budget effectively and avoid taking on a mortgage that is beyond your means.
Make informed decisions
Compare different loan options by adjusting variables such as loan amount, interest rate and loan term, helping you make informed decisions about which loan option best fits your financial situation.
Gain financial confidence
By understanding how different factors impact your monthly payments, you can ensure that you're choosing a mortgage that fits in with your financial goals.
See what local experts think your home is worth
If you're getting ready to sell or just super curious, we recommend getting a free, in-person valuation from a local estate agent.
Find the right mortgage for you
The world of mortgages can often be a confusing place, from rates to repayments there's a lot to understand. But we're here to help.
We'll guide you through the mortgage process, and make sure you're getting the most for your hard-earned cash.
Want to know more about mortgages?
Just ask Zoopla.
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Your mortgage questions answered
What is a mortgage?
A mortgage is a loan given by a bank, lender, or other financial institution to help an individual or business purchase a home.
How to save for a house deposit
Set a target and save it as soon as you get paid.
Take out a Lifetime ISA, the government chips in 25% if you save £4,000 each year.
Reduce your rent as much as possible, can you live with parents or friends?
Consider Shared Ownership, which requires a smaller deposit.
How much can I borrow for a mortgage?
Banks and building societies usually lend 4 to 4.5 times your total household income.
The most important things they'll look at are your monthly income and your monthly outgoings, to see how much you can comfortably repay.
What mortgage can I get?
There are lots of different types of mortgages available, from repayment and interest only mortgages to fixed rate, tracker and standard variable rate mortgages.
What deposit do I need for a mortgage?
You’ll usually need a minimum deposit of 5-10% of the home you want to buy.
A 25% deposit will gives access to better mortgage deals, while a 40% deposit opens up the best deals
How long does a mortgage application take?
It can take from two to six weeks to get a mortgage approved. Most mortgage offers are then valid for six months.
So if you see a great deal out there and want to reserve it, it's worth speaking to the lender or a mortgage broker in advance.