Monthly Mortgage Payment Guides
| Please select the mortgage loan amount for a more detailed payment table | ||||
|---|---|---|---|---|
| £310,000 Mortgage Payments | £320,000 Mortgage Payments | £330,000 Mortgage Payments | £340,000 Mortgage Payments | £350,000 Mortgage Payments |
Baker Financial brokers use the whole mortgage market to find you the best deal, we have access to specialist deals not available on the high street and some of the best rates in the UK.![]()
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% |
We often get asked what the approximate monthly payment would be for a certain amount of money over a certain number of years - to give you an indication of monthly mortgage payments we have some examples below.
Monthly mortgage payments at 5% Capital Repayment
| £310,000 | £320,000 | £330,000 | £340,000 | £350,000 | |
|---|---|---|---|---|---|
| 15 years | £2,488.84 | £2,569.13 | £2,649.41 | £2,729.70 | £2,809.98 |
| 20 years | £2,072.93 | £2,139.80 | £2,206.67 | £2,273.54 | £2,340.41 |
| 25 years | £1,832.94 | £1,892.07 | £1,951.19 | £2,010.32 | £2,069.45 |
For borrowers who can not provide suitable proof of income a self cert mortgage may be required. Interest rates for self cert mortgages would typically be around the 6% mark and should give a good indication of the monthly costs on a repayment basis.
Monthly mortgage payments at 6% Capital Repayment
| £310,000 | £320,000 | £330,000 | £340,000 | £350,000 | |
|---|---|---|---|---|---|
| 15 years | £2,659.87 | £2,745.67 | £2,831.48 | £2,917.28 | £3,003.08 |
| 20 years | £2,252.27 | £2,324.92 | £2,397.58 | £2,470.23 | 2,542.88 |
| 25 years | £2,020.86 | £2,086.05 | £2,151.23 | £2,216.42 | £2,281.61 |
The rates below are typical of mortgage deals that allow adverse credit to be registered with credit reference agencies, usually known as a bad credit mortgages they will allow clients with credit problems to obtain a mortgage or remortgage, due to the higher risk involved for the lender they normally carry a higher interest rate, if you have bad credit registered against you then you may find the loan to value and income and affordability pages useful.
Monthly mortgage payments at 7% Capital Repayment
| £310,000 | £320,000 | £330,000 | £340,000 | £350,000 | |
|---|---|---|---|---|---|
| 15 years | £2,836.36 | £2,927.86 | £3,019.35 | £3,110.85 | £3,202.34 |
| 20 years | £2,438.48 | £2,517.14 | £2,595.81 | £2,674.47 | £2,753.13 |
| 25 years | £2,216.77 | £2,288.28 | £2,359.79 | £2,431.30 | £2,502.81 |
- Access to the whole market - Good and Bad Credit Mortgages
- Thousands of products searched to get you the best deal
- A dedicated advisor will be assigned to you personally
For a FREE no obligation quote simply complete the form to the right will call you back personally to discuss your requirements in detail
Monthly mortgage payments at 8% Capital Repayment
| £310,000 | £320,000 | £330,000 | £340,000 | £350,000 | |
|---|---|---|---|---|---|
| 15 years | £3,018.10 | £3,115.45 | £3,212.81 | £3,310.17 | £3,407.53 |
| 20 years | £2,631.18 | £2,716.06 | £2,800.94 | £2,885.81 | £2,970.69 |
| 25 years | £2,420.04 | £2,498.10 | £2,576.17 | £2,654.23 | £2,732.30 |
For people with very bad credit such as lots of mortgage arrears and a number of CCJ's higher interest rates may apply. People who want a remortgage to repair their credit will often be happy to live short term with a mortgage of 9% in order to carry out what is termed as a credit repair remortgage, meaning when they remortgage again they should be eligible for much more attractive interest rates.
Monthly mortgage payments at 9% Capital Repayment
| £310,000 | £320,000 | £330,000 | £340,000 | £350,000 | |
|---|---|---|---|---|---|
| 15 years | £3,204.85 | £3,308.24 | £3,411.62 | £3,515.00 | £3,618.38 |
| 20 years | £2,829.95 | £2,921.24 | £3,012.53 | £3,103.82 | £3,195.11 |
| 25 years | £2,629.99 | £2,714.83 | £2,799.67 | £2,884.51 | £2,969.35 |
Whilst the above tables will give you an indication of the likely cost of an adverse credit mortgage, its always best to speak to a profession who understands your circumstances and your mortgage needs, its very unlikely you will know what rates etc you can get until you speak to a specialist mortgage broker.



