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Monthly Mortgage Payment Guides
| Please select the mortgage loan amount for a more detailed payment table | ||||
|---|---|---|---|---|
| £260,000 Mortgage Payments | £270,000 Mortgage Payments | £280,000 Mortgage Payments | £290,000 Mortgage Payments | £300,000 Mortgage Payments |
Mortgage payment tables and guides are a good source of information but are no substitute for speaking to a mortgage broker with access to the whole market!
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% |
The payment tables below lists monthly payment details for mortgages & remortgage's of £260,000, £270,000, £280,000, £290,000 & £300,000 over 15, 20 and 25 years with rates from 5% to 9%.
Monthly mortgage payments at 5% Capital Repayment
 |
£260,000 | £270,000 | £280,000 | £290,000 | £300,000 |
|---|---|---|---|---|---|
| 15 years | £2,087 | £2,167 | £2,247 | £2,328 | £2,408 |
| 20 years | £1,738 | £1,805 | £1,872 | £1,939 | £2,006 |
| 25 years | £1,537 | £1,596 | £1,655 | £1,714 | £1,773 |
If you require a self cert mortgage you will probably find the interest rates around the 6% mark, whilst there are a few mortgage deals allowing no proof of income which may be slightly better the majority of deals available will reflect the 6% guide below for self cert mortgages.
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Monthly mortgage payments at 6% Capital Repayment
|
£260,000 | £270,000 | £280,000 | £290,000 | £300,000 |
|---|---|---|---|---|---|
| 15 years | £2,230 | £2,316 | £2,402 | £2,488 | £2,574 |
| 20 years | £1,889 | £1,961 | £2,034 | £2,106 | £2,179 |
| 25 years | £1,694 | £1,760 | £1,825 | £1,890 | £1,955 |
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 payments at 7% Capital Repayment
|
£260,000 | £270,000 | £280,000 | £290,000 | £300,000 |
|---|---|---|---|---|---|
| 15 years | £2,378 | £2,470 | £2,561 | £2,653 | £2,744 |
| 20 years | £2,045 | £2,123 | £2,202 | £2,281 | £2,359 |
| 25 years | £1,859 | £1,930 | £2,002 | £2,073 | £2,145 |
Monthly mortgage payments at 8% Capital Repayment
|
£260,000 | £270,000 | £280,000 | £290,000 | £300,000 |
|---|---|---|---|---|---|
| 15 years | £2,531 | £2,628 | £2,726 | £2,823 | £2,920 |
| 20 years | £2,206 | £2,291 | £2,376 | £2,461 | £2,546 |
| 25 years | £2,029 | £2,107 | £2,185 | £2,263 | £2,341 |
Typically, the worse the bad credit registered on a borrowers credit file the higher the interest rate, people who have many CCJ's or arrears may find they will be on a higher interest rate than those mentioned above.
There are other things that bad or adverse credit can affect such as the loan to value of a mortgage product. Higher rate mortgages are sometimes needed for credit repair remortgage's in order to reduce costs in the future.
Monthly mortgage payments at 9% Capital Repayment
|
£260,000 | £270,000 | £280,000 | £290,000 | £300,000 |
|---|---|---|---|---|---|
| 15 years | £2,687 | £2,791 | £2,894 | £2,998 | £3,101 |
| 20 years | £2,373 | £2,464 | £2,556 | £2,647 | £2,738 |
| 25 years | £2,205 | £2,290 | £2,375 | £2,460 | £2,545 |
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.
