🏡 Buying a Home Soon? Here's How to Estimate Your Mortgage Repayments in 2025! 💷🧮

🏡 Buying a Home Soon? Here's How to Estimate Your Mortgage Repayments in 2025! 💷🧮

Found a property you love? Before making an offer, make sure you know what your monthly mortgage payments might look like — and how interest rates can affect them.

✅ Here's what you'll need to calculate your repayments:
✔️ Property purchase price
✔️ Your deposit
✔️ The interest rate
✔️ Mortgage term (e.g. 20 or 30 years)

💡 Quick Estimation Tip:

• On a 30-year mortgage at 2.5%, you’d pay around £40/month for every £10,000 borrowed.
  Example: £150,000 mortgage = approx £600/month

But today’s rates are higher, so you'll need to adjust:

📊 Current Average Rates (75% LTV):

• 2-year fixed-rate:
  🔹 4.93% (all lenders)
  🔹 4.19% (Big Six banks)

• 5-year fixed-rate:
  🔹 5.24% (all lenders)
  🔹 4.14% (Big Six banks)

• 2-year variable:
  🔹 4.75% (all lenders)
  🔹 4.7% (Big Six)

• Standard Variable Rate (SVR):
  🔹 7.74% (all lenders)
  🔹 6.75% (Big Six)

📈 Every 0.25% increase adds approx £2/month per £10,000 borrowed.
So at 5%, you’ll pay around £50/month per £10,000.
Example: £150,000 = 15 × £50 = £750/month

🔍 Want to skip the maths?
Use our Mortgage Repayment Calculator for an instant estimate 👉 [Insert calculator link]

💬 Things to keep in mind:

• Arrangement fees can be up to £2,000 — add these to your mortgage if not paying upfront

• Fixed-rate = payments stay the same

• Variable-rate = payments change with Bank of England base rate

Knowing your numbers = buying with confidence! 🏠✨