Mortgage Calculator UK 2026: Monthly Payments, Stamp Duty and Rates
March 2026 · 9 min read
Quick Answer
On a £250,000 mortgage at 4.5% over 25 years your monthly payment is approximately £1,389. On a £350,000 mortgage at the same rate it is £1,944 per month.
UK Mortgage Monthly Payment Chart
Monthly payment estimates for common UK mortgage amounts at 4.5% interest rate.
| Mortgage Amount | 20 Years | 25 Years | 30 Years | 35 Years |
|---|---|---|---|---|
| £150,000 | £949 | £833 | £760 | £714 |
| £200,000 | £1,265 | £1,111 | £1,013 | £952 |
| £250,000 | £1,582 | £1,389 | £1,267 | £1,190 |
| £300,000 | £1,898 | £1,667 | £1,520 | £1,428 |
| £400,000 | £2,530 | £2,222 | £2,027 | £1,904 |
| £500,000 | £3,163 | £2,778 | £2,533 | £2,380 |
UK Stamp Duty Calculator 2026
Stamp duty land tax (SDLT) is paid on property purchases in England and Northern Ireland. Scotland has Land and Buildings Transaction Tax (LBTT) and Wales has Land Transaction Tax (LTT) with different rates.
| Property Value | Standard Buyer | First-Time Buyer | Additional Property |
|---|---|---|---|
| Up to £250,000 | 0% | 0% (up to £425K) | 3% |
| £250,001-£925,000 | 5% | 5% (above £425K) | 8% |
| £925,001-£1.5M | 10% | 10% | 13% |
| Above £1.5M | 12% | 12% | 15% |
Top UK Mortgage Lenders 2026
The largest UK mortgage lenders by volume include Halifax (part of Lloyds Banking Group), Nationwide Building Society, Barclays, HSBC, NatWest, Santander UK and Virgin Money. Always compare rates from multiple lenders or use a mortgage broker who can access exclusive deals not available directly.
Calculate Your UK Mortgage Payment Free
Use our free mortgage calculator — select £ British Pound from the currency menu for accurate UK calculations.
Calculate UK Mortgage →Frequently Asked Questions
What are current UK mortgage rates in 2026?
UK mortgage rates in 2026 range from approximately 3.8% to 5.5% depending on loan-to-value, deal type and lender. Two-year fixed rates average around 4.2-4.8% and five-year fixed rates average 4.0-4.6%.
How much can I borrow for a mortgage in the UK?
UK lenders typically offer 4-4.5 times your annual salary. On a £50,000 salary you could borrow £200,000-£225,000. Joint applications combine incomes. Lenders also stress test affordability at higher rates.
What is stamp duty land tax in the UK?
Stamp duty applies on properties over £250,000 for standard buyers (£425,000 for first-time buyers). The rates are 5% on the portion between £250,000-£925,000, 10% on £925,000-£1.5M and 12% above £1.5M.
What is a Help to Buy scheme in the UK?
Help to Buy equity loans were available in England until March 2023. Currently the main government schemes are the Mortgage Guarantee Scheme (5% deposit mortgages) and Shared Ownership for those who cannot afford to buy outright.
Should I choose a fixed or variable rate mortgage in the UK?
Fixed rate mortgages offer payment certainty for 2-5 years and are popular in uncertain rate environments. Variable rate (tracker or SVR) mortgages can be cheaper when rates fall but carry risk. Most UK buyers choose 2 or 5 year fixed deals.