Repayment mortgage
Principal and interest paid monthly
£1,542.39Estimated monthly payment- Total repayment
- £462,718.08
- Total interest
- £162,718.08
UK MORTGAGE REPAYMENT
UK mortgage repayment calculator
Compare repayment and interest-only monthly payments from the property price, loan-to-value, rate and term.
UK mortgageResidential SDLT
YOUR ESTIMATE
Compare repayment methods
Estimated loan principal：£300,000
Interest-only mortgage
Interest paid monthly; principal due at maturity
£937.5Estimated monthly interest- Principal due at maturity
- £300,000
- Total repayment
- £581,250
- Total interest
- £281,250
An interest-only mortgage does not reduce the principal: the full loan remains due at the end of the term, so a repayment plan, refinancing or sale is usually needed. Both estimates exclude product fees, valuation, insurance and early repayment charges.
View Bank of England rate changes (2020 to present)
| Effective from | Until | Bank Rate |
|---|---|---|
| 18 Dec 2025 | present | 3.75% |
| 7 Aug 2025 | 17 Dec 2025 | 4.00% |
| 8 May 2025 | 6 Aug 2025 | 4.25% |
| 6 Feb 2025 | 7 May 2025 | 4.50% |
| 7 Nov 2024 | 5 Feb 2025 | 4.75% |
| 1 Aug 2024 | 6 Nov 2024 | 5.00% |
| 3 Aug 2023 | 31 Jul 2024 | 5.25% |
| 22 Jun 2023 | 2 Aug 2023 | 5.00% |
| 11 May 2023 | 21 Jun 2023 | 4.50% |
| 23 Mar 2023 | 10 May 2023 | 4.25% |
| 2 Feb 2023 | 22 Mar 2023 | 4.00% |
| 15 Dec 2022 | 1 Feb 2023 | 3.50% |
| 3 Nov 2022 | 14 Dec 2022 | 3.00% |
| 22 Sep 2022 | 2 Nov 2022 | 2.25% |
| 4 Aug 2022 | 21 Sep 2022 | 1.75% |
| 16 Jun 2022 | 3 Aug 2022 | 1.25% |
| 5 May 2022 | 15 Jun 2022 | 1.00% |
| 17 Mar 2022 | 4 May 2022 | 0.75% |
| 3 Feb 2022 | 16 Mar 2022 | 0.50% |
| 16 Dec 2021 | 2 Feb 2022 | 0.25% |
| 19 Mar 2020 | 15 Dec 2021 | 0.10% |
| 11 Mar 2020 | 18 Mar 2020 | 0.25% |
Source: the Bank of England official Bank Rate history; record checked 2026-09-07. Open source
Scope and sources
The page estimates both repayment and interest-only mortgages. Defaults are a £500,000 property price, 60% loan-to-value, 25-year term and the Bank of England Bank Rate. All inputs can be adjusted; product fees, valuation, insurance, early repayment charges and other costs are excluded.
Bank Rate reference checked: 2026-09-07. Source: Bank of England
Before you use the estimate
Why is the default annual rate 3.75%?
It is the Bank of England Bank Rate reference effective from 2025-12-18 (checked 2026-09-07), not a lender's final mortgage quote. Enter the actual rate from the lender, or select a historical reference period.
Why do I need to enter the loan-to-value?
The price, rate and term do not determine the principal by themselves. The loan-to-value sets the estimated loan amount; the default is 60% and can be changed to match the lender's offer.
Which repayment method does this use?
The page shows both repayment and interest-only estimates. A repayment mortgage pays principal and interest monthly; an interest-only mortgage pays interest monthly and leaves the full principal due at the end of the term.
Is this the lender's final quote?
No. The lender or mortgage adviser must confirm the final rate, fees, eligibility and repayment terms.
A CONVERSATION, FIRST
A considered conversation is a good place to start.
Tell us about your plans, your budget and the questions that matter to you. We start by understanding what you need.
