£340,000 Mortgage & Remortgage Payment Guide

£340,000 Mortgage Calculator Payments

Mortgage & remortgage payment tables can be a useful source of information for potential borrowers, the tables below show loan payments for £340,000 with interest rate examples from 3% on both capital repayment and interest only.

Mortgage interest rates typically start from as little as 1.5% or less, as everyone's circumstances are different you should speak to a mortgage professional for an accurate illustration.

The £340,000 payment tables are for illustration purposes only, please contact us for an illustration tailored to your circumstances, needs and budget!

Monthly payment examples for £340,000 Interest Only

	3%	4%	5%	6%
15 years	£850	£1,133	£1,416	£1,700
30 years	£850	£1,133	£1,416	£1,700

Interest only mortgages payments don't alter with the mortgage term, unlike a capital repayment mortgage, with an interest only mortgage you are literally just paying the interest each month - as the capital owed does not alter the monthly payment always remains the same. As you can see from the examples on this page the payments for a mortgage of £340,000 can vary greatly depending on the rate, term (for repayment mortgages) and loan to value required.

Monthly payment examples for £340,000 capital repayment

	3%	4%	5%	6%
15 years	£2,347	£2,514	£2,688	£2,869
16 years	£2,231	£2,400	£2,576	£2,758
17 years	£2,129	£2,299	£2,477	£2,662
18 years	£2,039	£2,210	£2,390	£2,577
19 years	£1,958	£2,131	£2,312	£2,502
20 years	£1,885	£2,060	£2,243	£2,435
21 years	£1,820	£1,996	£2,181	£2,376
22 years	£1,760	£1,938	£2,125	£2,322
23 years	£1,706	£1,866	£2,075	£2,274
24 years	£1,657	£1,838	£2,029	£2,230
25 years	£1,612	£1,794	£1,987	£2,190
26 years	£1,570	£1,754	£1,949	£2,154
27 years	£1,532	£1,717	£1,914	£2,121
28 years	£1,496	£1,683	£1,882	£2,091
29 years	£1,464	£1,652	£1,852	£2,063
30 years	£1,433	£1,623	£1,825	£2,038

Mortgage and remortgage deals change from time to time and you should get a quote from a mortgage professional that's tailored to your needs and budget - getting an accurate mortgage quote for £340,000 is easy, complete the form at the top of this page!

For poor credit applications, if you require a mortgage for bad credit you should speak to a specialist broker, we would recommend completing the form at the top of this page and one of our dedicated mortgage brokers will call you back as soon as possible.

Please note:
The figures above do not constitute a mortgage offer of any form. Baker Financial can not be held responsible for any misprints on the tables above. For an exact quotation please contact us.