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Looking for a £50,000 Mortgage?

Get started with an expert broker, or click through to check costs, affordability, and see if you'll qualify for a mortgage of this amount

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Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: May 3, 2022

Want a breakdown of all the potential costs associated with a £50,000 mortgage from the best mortgage deals open to you?

Play with our calculator below for an accurate measure of what a mortgage of this amount will cost each month.

calculator icon

Mortgage Repayment Calculator

Our mortgage repayment calculator can tell you how much your mortgage will cost you each month and overall. Enter the amount you’re borrowing, the term length and interest rate, and our calculator will do the rest.


Enter the amount you're borrowing
£
2.5% is an average figure but the rate you get may vary
%
25 years is average, but most lenders offer longer and shorter terms
years

Monthly Repayments:

Interest Only:

Total amount paid at end of term:

Get started with an expert broker to find out how much they could help you save on your mortgage repayments.

Get Started

Example calculations

We have created the tables below to show at a glance how much a mortgage of this amount can vary in cost based several variables.

The monthly costs are broken down for you, showing different interest on £50,000 and different term lengths. The tables also display values of 50k+ loans, for example if you were looking for a £55,000 mortgage.

1% 15yr 20yr 25yr 30yr
50000 £299.25 £229.95 £188.44 £160.82
51000 £305.23 £234.55 £192.20 £164.04
52000 £311.22 £239.15 £195.97 £167.25
53000 £317.20 £243.74 £199.74 £170.47
54000 £323.19 £248.34 £203.51 £173.69
55000 £329.17 £252.94 £207.28 £176.90
56000 £335.16 £257.54 £211.05 £180.12
57000 £341.14 £262.14 £214.82 £183.33
58000 £347.13 £266.74 £218.59 £186.55
59000 £353.11 £271.34 £222.35 £189.77
2% 15yr 20yr 25yr 30yr
50000 £321.75 £252.94 £211.93 £184.81
51000 £328.19 £258.00 £216.17 £188.51
52000 £334.62 £263.06 £220.40 £192.20
53000 £341.06 £268.12 £224.64 £195.90
54000 £347.49 £273.18 £228.88 £199.59
55000 £353.93 £278.24 £233.12 £203.29
56000 £360.36 £283.29 £237.36 £206.99
57000 £366.80 £288.35 £241.60 £210.68
58000 £373.24 £293.41 £245.84 £214.38
59000 £379.67 £298.47 £250.07 £218.08
3% 15yr 20yr 25yr 30yr
50000 £345.29 £277.30 £237.11 £210.80
51000 £352.20 £282.84 £241.85 £215.02
52000 £359.10 £288.39 £246.59 £219.23
53000 £366.01 £293.94 £251.33 £223.45
54000 £372.91 £299.48 £256.07 £227.67
55000 £379.82 £305.03 £260.82 £231.88
56000 £386.73 £310.57 £265.56 £236.10
57000 £393.63 £316.12 £270.30 £240.31
58000 £400.54 £321.67 £275.04 £244.53
59000 £407.44 £327.21 £279.78 £248.75
4% 15yr 20yr 25yr 30yr
50000 £369.84 £302.99 £263.92 £238.71
51000 £377.24 £309.05 £269.20 £243.48
52000 £384.64 £315.11 £274.48 £248.26
53000 £392.03 £321.17 £279.75 £253.03
54000 £399.43 £327.23 £285.03 £257.80
55000 £406.83 £333.29 £290.31 £262.58
56000 £414.23 £339.35 £295.59 £267.35
57000 £421.62 £345.41 £300.87 £272.13
58000 £429.02 £351.47 £306.15 £276.90
59000 £436.42 £357.53 £311.42 £281.68
5% 15yr 20yr 25yr 30yr
50000 £395.40 £329.98 £292.30 £268.41
51000 £403.30 £336.58 £298.14 £273.78
52000 £411.21 £343.18 £303.99 £279.15
53000 £419.12 £349.78 £309.83 £284.52
54000 £427.03 £356.38 £315.68 £289.88
55000 £434.94 £362.98 £321.52 £295.25
56000 £442.84 £369.58 £327.37 £300.62
57000 £450.75 £376.17 £333.22 £305.99
58000 £458.66 £382.77 £339.06 £311.36
59000 £466.57 £389.37 £344.91 £316.72

Please note that these figures for repayments on a 50k mortgage are not definitive and lenders may provide slightly different values on loans for £50,000.

Can I get a £50,000 mortgage?

You may be able to get a £50,000 mortgage in the UK, though this will depend on various factors including your total income, credit rating, age, and employment type.

Income is one of the main considerations for mortgage providers, though for a mortgage of £50,000, they may accept applicants with a smaller salary. Alternatively, if you’re looking to renovate your property or purchase a more expensive home, there may be other lending options for you. Make an enquiry to get started.

What’s the minimum loan amount I can borrow for a mortgage?

Many mortgage lenders have a minimum loan amount of £25,000, though there are others who will lend smaller amounts.

If you’re looking to raise funds for a renovation, purchase a house at auction or if you wish to move into a more expensive property and need a small mortgage to bridge the gap, there may be other lending options available for you. Speak with an advisor for more information.

Expert advice

If you are looking at houses under 50k or mortgages under 50k then we can pass you off to an adviser would be more than happy to discuss the options available to you and try to find you the best deal possible. If it is not a mortgage you are after, but instead a £50,000 loan, we can also help.

Just simply get in touch with us on the enquiry form below.

About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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