Calculate UK mortgage payments with typical deal types: 2-year fixed, 5-year fixed, tracker, and SVR. Includes Stamp Duty Land Tax (SDLT) estimation.
Mortgage Details
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years
Monthly Payment
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Stamp Duty (SDLT)
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Deposit
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Mortgage Amount
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Total Interest
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LTV
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Property Value
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Deposit
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Mortgage Amount
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LTV
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Interest Rate
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Monthly Payment
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Total Repaid
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Total Interest
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Stamp Duty (SDLT)
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💡 SDLT Note: First-time buyers pay 0% on property up to £425,000. Rates may change — always verify with HMRC before completion.
FAQ
What is Stamp Duty Land Tax (SDLT)?
SDLT is paid in England and Northern Ireland when buying property. Rates (2024): 0% up to £250K; 5% on £250K-£925K; 10% on £925K-£1.5M; 12% above £1.5M. First-time buyers: 0% up to £425K, 5% on £425K-£625K.
What is a typical mortgage term in the UK?
Most UK mortgages run 25 years, but lenders now offer terms up to 35 or 40 years. Longer term = lower monthly payment but much more total interest. The UK also uses 2-year and 5-year fixed deals.
What is SVR (Standard Variable Rate)?
SVR is the default rate your mortgage reverts to after your fixed or tracker deal ends. SVRs are typically 7-8%, set by the individual lender. Always remortgage before your deal ends to avoid paying SVR.
What deposit do I need for a UK mortgage?
Minimum 5% deposit (95% LTV), but 10-15% gets much better rates. At 40% deposit (60% LTV) you access the best rates. First-time buyers may access Help to Buy or Shared Ownership schemes.