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Monthly Mortgage Payments
Monthly mortgage payment matrix for mortgage loans with
£260,000 | £270,000 | £280,000 | £290,000 | £300,000
10, 15, 20 and 25 years
Interest rates of 7%, 8% and 9% capital repayment.
To help you understand the likely costs of a new mortgage we have 
included monthly mortgage payment matrix for mortgage borrowings of between £260,000 and £300,000 ranging from a 7% interest rate to 9% over 10, 15, 20 and 25 years on a repayment (capital & interest) payment method.
If you have excellent credit you will likely get a better rate than 7% - to find out what rate you could get - contact us today.
We have chosen to list the potential monthly payments as its unlikely you will know what interest rate you will be able to get unless you have spoken to a mortgage professional
Monthly mortgage payment matrix at 7%
| £260,000 | £270,000 | £280,000 | £290,000 | £300,000 | |
|---|---|---|---|---|---|
| 10 years | £3,084.85 | £3,203.49 | £3,322.14 | £3,440.79 | £3,559.44 |
| 15 years | £2,378.88 | £2,470.38 | £2,561.87 | £2,653.37 | £2,744.87 |
| 20 years | £2,045.18 | £2,123.84 | £2,202.50 | £2,281.16 | £2,359.82 |
| 25 years | £1,859.23 | £1,930.74 | £2,002.25 | £2,073.75 | £2,145.26 |
Certain mortgages will allow bad credit to be registered on the borrowers credit file, these mortgages are often called bad credit mortgages or adverse credit mortgages and offered by lenders known as sub prime mortgage lenders. Mortgages that allow borrowers with bad credit or borrowers that have been refused elsewhere to proceed completion will normally have a slightly higher interest rate than that of a 'normal' or high street mortgage, the interest rates below are typical of a mortgage that will allow missed payments, CCJ and defaults.
Monthly mortgage payment matrix at 8%
| £260,000 | £270,000 | £280,000 | £290,000 | £300,000 | |
|---|---|---|---|---|---|
| 10 years | £3,228.97 | £3,353.16 | £3,477.35 | £3,601.55 | £3,725.74 |
| 15 years | £2,531.31 | £2,628.66 | £2,726.02 | £2,823.38 | £2,920.74 |
| 20 years | £2,206.80 | £2,291.67 | £2,376.55 | £2,461.43 | £2,546.31 |
| 25 years | £2,029.71 | £2,107.77 | £2,185.84 | £2,263.90 | £2,341.97 |
Typically the worse the bad 
credit registered on a borrowers credit file the higher the interest rate, there are other things that bad or adverse credit can affect such as the loan to value (LTV) of a mortgage product which can, in some cases restrict how much the client can borrow meaning a larger deposit or more equity is required..
Monthly mortgage payment matrix at 9%
| £260,000 | £270,000 | £280,000 | £290,000 | £300,000 | |
|---|---|---|---|---|---|
| 10 years | £3,376.10 | £3,505.95 | £3,635.80 | £3,765.65 | £3,895.50 |
| 15 years | £2,687.94 | £2,791.32 | £2,894.71 | £2,998.09 | £3,101.47 |
| 20 years | £2,373.51 | £2,464.80 | £2,556.08 | £2,647.37 | £2,738.66 |
| 25 years | £2,205.80 | £2,290.64 | £2,375.48 | £2,460.32 | £2,545.16 |
The mortgage payment matrix's above are for illustration purposes only and do not constitute a mortgage illustration or formal offer. If you would like to find out if you would qualify for a mortgage, with or without bad credit please complete the form above and a specialist consultant will call you back.
