£200,000 Mortgage & Remortgage Payments
Mortgage & remortgage payment guides can be a useful source of information for borrowers, the £200,000 tables below show interest rate examples from 3% on both capital repayment and interest only.
The payments have been worked out using our online mortgage calculator.
Mortgage interest rates typically start from as little as 1.99% or less, as everyone's circumstances are different you should speak to a mortgage professional for an accurate illustration.
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The £200,000 mortgage & remortgage payment tables are for illustration purposes only, please contact us for an accurate illustration.
We can also help with commercial finance and bridging loans.
Monthly payment examples for £200,000 Interest Only
| 3% | 4% | 5% | 6% | |
|---|---|---|---|---|
| 15 years | £500 | £667 | £833 | £1,000 |
| 25 years | £500 | £667 | £833 | £1,000 |
As you can see from the table above, the mortgage payments on an interest only mortgage do not change with the mortgage term as their is no capital being repaid of the original loan amount.
Interest only mortgages are a popular choice for buy to let mortgages or to help keep monthly costs down, the monthly costs for a £200,000 mortgage or remortgage on interest only will have noticeably lower monthly payments than a capital repayment mortgage for the same amount.
some of the best mortgage deals...
| Initial rate |
Until | Cost for Comparison |
Max Loan to value | |
|---|---|---|---|---|
Tracker |
1.84% | 2 years | 5.0% APR | 70% |
Tracker |
1.89% | 2 years | 4.9% APR | 70% |
Tracker |
2.49% | 31 May 2012 | 5.1% APR | 75% |
Tracker |
3.49% | 20 June 2012 | 4.2% APR | 80% |
Tracker |
3.99% | 2 years | 5.4% APR | 85% |
Knowing the available mortgage interest rates is a good place to start in applying for a mortgage, however, in today's challenging financial market its important to speak to someone who can ensure your application goes through as smoothly and quickly as possible.
With years of experience & access to the whole mortgage market, our dedicated advisors are fully qualified & regulated with the Financial Services Authority & trained to the highest standards to ensure you get the best level of service and the best mortgage or remortgage available.
Monthly payment examples for £200,000 capital repayment
| 3% | 4% | 5% | 6% | |
|---|---|---|---|---|
| 15 years | £1,381 | £1,499 | £1,605 | £1,716 |
| 16 years | £1,312 | £1,430 | £1,537 | £1,649 |
| 17 years | £1,252 | £1,369 | £1,478 | £1,590 |
| 18 years | £1,199 | £1,316 | £1,425 | £1,539 |
| 19 years | £1,151 | £1,268 | £1,379 | £1,493 |
| 20 years | £1,109 | £1,226 | £1,337 | £1,453 |
| 21 years | £1,070 | £1,188 | £1,299 | £1,416 |
| 22 years | £1,035 | £1,153 | £1,266 | £1,384 |
| 23 years | £1,004 | £1,121 | £1,235 | £1,354 |
| 24 years | £975 | £1,093 | £1,207 | £1,327 |
| 25 years | £948 | £1,066 | £1,182 | £1,303 |
| 26 years | £923 | £1,042 | £1,159 | £1,281 |
| 27 years | £901 | £1,020 | £1,138 | £1,261 |
| 28 years | £880 | £1,000 | £1,118 | £1,243 |
| 29 years | £861 | £981 | £1,100 | £1,226 |
| 30 years | £843 | £963 | £1,084 | £1,210 |
*table figures rounded to the pound (£)
The £200,000 mortgage tables above should give you an idea of what your mortgage payment could be depending on the years you want to take your mortgage over and the interest rate you will be able to get - they are for information purposes only, please contact us to obtain an accurate personalised illustration.
You may also want to look at how a lender works our your mortgage income and affordability and how a lender may look at how much the can lend, which could effect the mortgage loan to value, depending on any adverse credit you may have listed on your credit file
For a no free obligation mortgage quote tailored to your financial circumstances and needs please contact us.
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