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Mortgage Calculator For 750000

Best Mortgage rates

Mortgage Calculator For 750000

    • 4.20% Initial
    • 5 year fixed
    • 6.6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.21% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.26% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.27% Initial
    • 5 year fixed
    • 6.6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.30% Initial
    • 5 year fixed
    • 6.6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.32% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.32% Initial
    • 5 year fixed
    • 7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.33% Initial
    • 5 year fixed
    • 6.2% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.34% Initial
    • 5 year fixed
    • 7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.34% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

How much can I borrow

New rules governing the mortgage lending market have been introduced.

These rules have changed the way that lenders determine whether they are willing to provide mortgages to applicants.

Lenders’ main focus will now be on the affordability of a mortgage. Therefore, in support of your application lenders will often request:

  • Details of your employment
  • Your income
  • Your monthly outgoings

If you need a £750,000 mortgage, find our mortgage table above that shows best mortgage deals available.

How to calculate mortgage repayments

Our mortgage calculator allows you to work out how much you will likely need to pay each month in mortgage repayments.

Our mortgage calculator is simple and easy to use. Fill in the designated fields with the following information:

  • The purpose of your mortgage
  • The value of the property
  • The amount you wish to borrow
  • The type of mortgage you want
  • Your preference on capital and interest or interest only mortgage
  • The length of mortgage

Once you have completed the necessary fields, the calculator will generate the best mortgage deals available to suit your set of circumstances.

What is a fixed rate mortgage

Fixed rate mortgages allow you to benefit from a set interest rate for an extended period of time. You can find fixed rate mortgages with high street banks for 2,3,5 or 10 years.

Securing an interest rate could help you know exactly how much you have to pay each month for the first few years of your mortgage. However, it is impossible to predict how interest rates will behave, and it is possible that the best interest rate today may not continue to be as competitive throughout your fixed rate period.

What is a tracker rate mortgage

A tracker mortgage has an interest rate that varies depending on the Bank of England’s base interest rate. Therefore, if the Bank of England decide to hike their base rate, then tracker mortgages’ interest rate will increase.

Repayment or interest only

An interest only mortgage typically has some of the lowest minimal monthly mortgage repayments in the market, as you are only paying the interest on the mortgage. It should be noted that you cannot own the property at the end of the term through an interest only mortgage.

Repayment mortgages generally have higher monthly mortgage repayments. This is because you are paying both the capital and interest on a mortgage. Repayment mortgages may be a good option for you if you want to ultimately own the property outright.

Making overpayments

There are some banks on the high street that allow you to make overpayments on your mortgage. This could help you pay off your mortgage quicker than you had anticipated. However, not all lenders allow overpayments, and some lenders even charge early repayment charges if an overpayment is made. You should always check with your mortgage provider before making any overpayments.

If you want to explore your mortgage options, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice.
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