Mortgage Repayment Calculator
Adjust the sliders to see your monthly payment, total interest and LTV instantly — repayment or interest-only.
Your mortgage details
Interest-only: full loan still owed at end of term.
Estimate only. Your actual rate depends on LTV, credit score and lender criteria. Always get a personalised quote before committing.
Repayment vs interest-only
With a repayment mortgage, each monthly payment reduces both the interest and the outstanding capital — you own the property outright at the end of the term. With an interest-only mortgage, you only pay the interest; the full loan balance remains and must be repaid at the end, typically through savings, investments, or by selling the property.
Understanding LTV
Loan-to-value (LTV) is your mortgage as a percentage of the property value. A 75% LTV means you're borrowing 75% and contributing a 25% deposit. Lenders price their rates in tiers — typically better rates at 60%, 75%, 80%, 85%, 90% and 95% LTV. A smaller deposit means a higher LTV and usually a higher rate.
What to do next
Once you have an estimate, get an Agreement in Principle (AIP) from a lender or broker to confirm how much you can borrow. Check your credit file for free via Experian, Equifax or TransUnion before applying. A whole-of-market broker can compare hundreds of products and often find deals not available direct from lenders. Read our guide to mortgage basics for first-time buyers for more detail.
Buying commercial property or refinancing business premises?
Commercial mortgages work differently — typically shorter terms, higher deposits, and rates tied to the base rate. Credicorp can source commercial finance across a wide panel of lenders, with decisions the same day for eligible UK limited companies.
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