- 60% LTV — best rates
- 75% LTV — good rates
- 85% LTV — higher rates
- 90% LTV — limited deals
- 95% LTV — highest rates
- 2-year fix: ~4.2–5.5%
- 5-year fix: ~4.0–5.2%
- Tracker: ~4.5–5.5%
- SVR: ~7–8%
- FTB: 0% up to £300k
- Home mover: 0% up to £125k, then banded
- Additional: +5% on all bands
- Solicitor: £1,500–3,000
- Survey: £400–1,500
- Arrangement fee: £0–2,000
- Buildings insurance
How to use the Mortgage Calculator
Enter the property price, deposit amount (the percentage field updates automatically), interest rate, mortgage term and buyer type. Your monthly payment, total repayment, total interest and stamp duty are calculated instantly, along with your LTV and full yearly schedule.
Frequently Asked Questions
LTV (Loan to Value) is your mortgage amount as a percentage of the property price. A lower LTV means less risk for the lender and typically means better interest rates. At 60% LTV you access the best deals. Above 90% LTV your options are limited and rates are highest.
First time buyers pay no stamp duty on the first £300,000. On the portion between £300,001 and £500,000 the rate is 5%. Properties over £500,000 lose the first time buyer relief and are charged at standard rates.
A fixed rate mortgage locks your interest rate for a set period (2, 5 or 10 years) so your monthly payment cannot change. A tracker mortgage follows the Bank of England base rate plus a margin, so payments can rise or fall. Fixed rates give certainty, trackers can be cheaper when rates fall.
The minimum deposit for most lenders is 5% of the purchase price (95% LTV). However a 10% deposit (90% LTV) opens up significantly more deals and lower rates. A 25% deposit (75% LTV) unlocks the most competitive mortgage products.