Mortgage repayments on £550,000
Find the best mortgage repayment rates on £550k
To get the best possible deal on your mortgage you have to be willing to compare products for a wide range of different lenders. If you simply want to go with your bank or existing mortgage provider, chances are you will end up paying more than you need to each month.
Exactly how much your mortgage repayments on £550,000 will be depends on various things, including how long you need to repay over, your interest rate and what type of mortgage you have.
With a capital and interest mortgage you will almost certainly pay more each month than with an interest only mortgage, but will likely end up paying less back over the lifetime of the mortgage.
Getting a competitive monthly repayment rate is not only important for keeping your costs down, it can also help to increase your chances of getting the mortgage you need.
This is because most mortgage companies now use affordability as a determiner for how much you can afford to borrow, not just multiples of your salary.
So, if you find a mortgage lender offering lower monthly repayments, you may stand a better chance of being accepted for the mortgage.
Try our free mortgage repayment calculator
Using our free mortgage calculator (found at the top of the page) you can quickly identify the best mortgage repayment rates on £550k or any amount. The calculator matches you with our pick of the best deals on mortgages from all the leading lenders that match your borrowing needs.
To try the mortgage repayments calculator, simply head to the top of the page and share some basic information about your borrowing requirements, including how much you need to borrow and how long for.
We will then show you appropriate deals so you can choose one which best matches your personal criteria.