Estimate Your Mortgage in Minutes

Finding out how much you can borrow is the crucial first step in planning your home purchase. Our simple-to-use mortgage calculator provides a quick, personalised estimate of your borrowing potential and shows indicative monthly repayments, giving you a clear picture of what you might be able to afford - without any obligation or impact on your credit score.

Got Your Numbers? Let's Talk Mortgage Options

Your calculator result is a helpful guide. L&C can help you understand what it could mean for your mortgage and compare deals from across the market.

This will take you to the L&C website. CreditKnowledge is a credit broker, not a lender. You must be 18+ and a UK resident.

Think carefully before securing any debts against your property. Your property may be repossessed if you don’t keep up repayments on your mortgage.

Understanding Your Mortgage Repayments, APR, and Costs

Our mortgage repayment calculator helps you estimate your monthly mortgage payments and the total cost of borrowing. It’s a quick way to plan your budget and see what might be affordable for you.

Understanding APR (Annual Percentage Rate)

APR shows the total cost of a mortgage over a year, including interest and any applicable fees. It is expressed as a percentage, making it easy to compare mortgage options. The representative APR is an example rate; the actual rate you are offered may vary depending on your personal circumstances.

How Monthly Mortgage Repayments Are Calculated

Monthly repayments are based on the mortgage amount, repayment term, and APR. Interest is applied to the amount borrowed and spread across the full term. A longer term may reduce monthly payments but will usually increase the total amount repayable.

What Your Mortgage Calculator Results Mean

The results from the mortgage repayment calculator provide an estimate of:

• Likely monthly repayments
• The total amount repayable
• Estimated cost of borrowing

Example

Borrowing £200,000 over 25 years at a representative APR of 5.0% could result in monthly repayments of around £1,170. Over the full term, the total amount repayable would be approximately £350,000, meaning the estimated cost of borrowing would be around £150,000.

Please note: This example is for illustrative purposes only. The actual mortgage amount, APR, and repayments you are offered will depend on your personal circumstances. Always ensure any mortgage is affordable based on your financial situation.