UK Mortgage Calculator
Calculate UK mortgage payments with stamp duty, solicitor fees, and UK-specific costs
The UK Mortgage Calculator helps you estimate monthly mortgage payments for properties in England, Scotland, Wales, and Northern Ireland. It includes UK-specific costs like stamp duty land tax, solicitor fees, survey costs, and mortgage arrangement fees to give you a complete picture of your home buying costs.
Mortgage Calculation
Property Details
Mortgage Details
Additional Costs
Mortgage Summary
Stamp Duty Land Tax (SDLT)
Total Upfront Costs
Monthly Costs
Mortgage Summary
Affordability Assessment
Recommendations
Get a mortgage in principle before house hunting to understand your budget
Consider mortgage protection insurance to cover payments if you cannot work
How to Use
1. Enter your property price and deposit amount
2. Select your location (England, Scotland, or Wales)
3. Choose your buyer type for accurate stamp duty calculation
4. Input mortgage details including interest rate and term
5. Add additional costs like solicitor fees and surveys
6. Review your monthly payments and total costs
UK Stamp Duty Rates
England & Northern Ireland (SDLT)
• Up to £250,000: 0% (first-time buyers: up to £425,000)
• £250,001 - £925,000: 5%
• £925,001 - £1.5m: 10%
• Over £1.5m: 12%
• Additional property: +3% surcharge
Scotland (LBTT)
• Up to £145,000: 0% (first-time buyers: up to £175,000)
• £145,001 - £250,000: 2%
• £250,001 - £325,000: 5%
• £325,001 - £750,000: 10%
• Over £750,000: 12%
Wales (LTT)
• Up to £225,000: 0%
• £225,001 - £400,000: 6%
• £400,001 - £750,000: 7.5%
• £750,001 - £1.5m: 10%
• Over £1.5m: 12%
UK Mortgage Types
Repayment Mortgage
Monthly payments cover both capital and interest. You'll own the property outright at the end of the term.
Interest-Only Mortgage
Monthly payments only cover interest. You'll need a repayment plan for the capital at the end of the term.
Fixed Rate
Interest rate stays the same for a set period (typically 2-5 years).
Variable Rate
Interest rate can change, usually linked to the Bank of England base rate.
Additional Costs
Solicitor/Conveyancer Fees
£800-£2,500 depending on property value and complexity
Survey Costs
Basic valuation: £150-£1,500, Full structural survey: £400-£1,200
Mortgage Arrangement Fee
£0-£2,000, sometimes added to the mortgage
Buildings Insurance
Required by lenders, typically £200-£600 per year
Example Calculation
First-time buyer in England:
• Property price: £300,000
• Deposit (20%): £60,000
• Mortgage: £240,000
• Interest rate: 4.5%
• Term: 25 years
• Monthly payment: £1,334
• Stamp duty: £2,500
• Total upfront costs: £65,000
Frequently Asked Questions
What's the minimum deposit for a UK mortgage?
Most lenders require at least 5-10% deposit, though 20% typically gets better rates.
Do first-time buyers get stamp duty relief?
Yes, in England and Northern Ireland, first-time buyers pay no stamp duty on properties up to £425,000.
What's the maximum mortgage term?
Most UK lenders offer terms up to 35-40 years, though 25 years is most common.