The Bank of England has held the base rate at 4.75%, with 6 members voting to hold the rate and 3 voting to reduce it.
Mortgage calculator
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The calculator results above are not provided by Halifax and are only indicative based on a repayment mortgage product. The interest rate has been assumed to stay the same for the selected mortgage term. Repayments will be subject to the product provided and your circumstances. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Calculate your mortgage payments with ease
Welcome to our mortgage calculator, a powerful tool that can help you estimate your monthly payments with ease. Whether you're a first-time buyer or looking to refinance your existing mortgage, our mortgage calculator can provide you with valuable insights into your potential monthly payments, helping you to plan your home financing.
How a mortgage calculator can help
Save time and money
Estimate your monthly payments accurately, allowing you to plan your budget effectively and avoid taking on a mortgage that is beyond your means.
Make informed decisions
Compare different loan options by adjusting variables such as loan amount, interest rate and loan term, helping you make informed decisions about which loan option best fits your financial situation.
Gain financial confidence
By understanding how different factors impact your monthly payments, you can ensure that you're choosing a mortgage that fits in with your financial goals.
See what local experts think your home is worth
If you're getting ready to sell or just super curious, we recommend getting a free, in-person valuation from a local estate agent.
Find the right mortgage for you
The world of mortgages can often be a confusing place, from rates to repayments there's a lot to understand. But we're here to help.
We'll guide you through the mortgage process, and make sure you're getting the most for your hard-earned cash.
Want to know more about mortgages?
Just ask Zoopla.
About to apply for a mortgage and not sure how to prepare? Here's how to get lender-approval ready and boost your chances of success.
Want to renegotiate the price of the property you’re buying? Our guide has the ins and outs on how it could affect your mortgage offer.
What’s the difference between an interest-only mortgage and a repayment one? Let’s take a look at the pros and cons of both.
Looking to get your first mortgage or lock in a new one? Let's take a look at the pros and cons of the different types of mortgages available.
Ready to start looking for a mortgage and not sure where to start? Let a mortgage broker guide you. They have access to deals that aren't always available on the high street.
With Brits living and working longer than ever, more of us want to take out mortgages later in life.
Retirement interest-only mortgages are designed to help those who can't repay their mortgage in full when they retire. Here's how they work.
Legally, you're never too old to get a mortgage. As long as you've got the means to pay it, there'll be mortgage providers willing to lend it.
What is the Bank Rate? Why do interest rates change? And what does it all mean for your mortgage repayments? Here’s everything you need to know about interest rates and how they affect you.
A healthy credit score can get you the best mortgage deal or the rental home you want. Here's what to do to improve yours.
Despite speculation, the government did not confirm a new 99% LTV mortgage scheme in the Spring Budget. But there are still mortgages available for buyers with small deposits. Here’s what you need to know.
Your mortgage questions answered
What is a mortgage?
A mortgage is a loan given by a bank, lender, or other financial institution to help an individual or business purchase a home.
How to save for a house deposit
Set a target and save it as soon as you get paid.
Take out a Lifetime ISA, the government chips in 25% if you save £4,000 each year.
Reduce your rent as much as possible, can you live with parents or friends?
Consider Shared Ownership, which requires a smaller deposit.
How much can I borrow for a mortgage?
Banks and building societies usually lend 4 to 4.5 times your total household income.
The most important things they'll look at are your monthly income and your monthly outgoings, to see how much you can comfortably repay.
What mortgage can I get?
There are lots of different types of mortgages available, from repayment and interest only mortgages to fixed rate, tracker and standard variable rate mortgages.
What deposit do I need for a mortgage?
You’ll usually need a minimum deposit of 5-10% of the home you want to buy.
A 25% deposit will gives access to better mortgage deals, while a 40% deposit opens up the best deals
How long does a mortgage application take?
It can take from two to six weeks to get a mortgage approved. Most mortgage offers are then valid for six months.
So if you see a great deal out there and want to reserve it, it's worth speaking to the lender or a mortgage broker in advance.