Our Mortgage-Approval Guarantee - We're so confident in our service, we guarantee it - or £100 back* Read more Chevron
Arrow Arrow
Scroll to top

£60,000 Mortgages

Find the best deal for your £60,000 mortgage, and see how an expert broker could help secure your application

Get started with a broker Ask Us A Question

Ask Us A Question

We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects.

Ask us a question and we'll get the best expert to help.

Feefo 5 Stars
1 of 3
£
£
£
2 of 3
3 of 3 Send!

No impact on credit score

4.8 out of 5 stars across Trustpilot, Feefo and Google! Our customers love Online Mortgage Advisor

Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: May 3, 2022

A number of factors are involved with taking out a mortgage, the length of repayment, the interest on the loan and most importantly how much to take out in the first place.

For a mortgage of £60k the costs of repayment can vary dramatically when the different criteria is applied.

Try our mortgage calculator below to get an idea of how much your mortgage repayments could be.

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 repayment tables showing the different costs involved when taking out a mortgage of £60,000. Each table represents the costs at a different interest rate, ranging from 1% to 5% each including lengths of repayment from 15 to 30 years. We also felt it was essential to provide a number of initial mortgage values to improve your insight of the options available.

Tables showing values of £60,000 up to £70,000 are all shown below.

1% Repayment Rate

1% 15yr 20yr 25yr 30yr
60000 £359.10 £275.94 £226.12 £192.98
61000 £365.08 £280.54 £229.89 £196.20
62000 £371.07 £285.13 £233.66 £199.42
63000 £377.05 £289.73 £237.43 £202.63
64000 £383.04 £294.33 £241.20 £205.85
65000 £389.02 £298.93 £244.97 £209.07
66000 £395.01 £303.53 £248.74 £212.28
67000 £400.99 £308.13 £252.50 £215.50
68000 £406.98 £312.73 £256.27 £218.71
69000 £412.96 £317.33 £260.04 £221.93
70000 £418.95 £321.93 £263.81 £225.15

2% Repayment Rate

2% 15yr 20yr 25yr 30yr
60000 £386.11 £303.53 £254.31 £221.77
61000 £392.54 £308.59 £258.55 £225.47
62000 £398.98 £313.65 £262.79 £229.16
63000 £405.41 £318.71 £267.03 £232.86
64000 £411.85 £323.77 £271.27 £236.56
65000 £418.28 £328.82 £275.51 £240.25
66000 £424.72 £333.88 £279.74 £243.95
67000 £431.15 £338.94 £283.98 £247.65
68000 £437.59 £344.00 £288.22 £251.34
69000 £444.02 £349.06 £292.46 £255.04
70000 £450.46 £354.12 £296.70 £258.73

3% Repayment Rate

3% 15yr 20yr 25yr 30yr
60000 £414.35 £332.76 £284.53 £252.96
61000 £421.25 £338.30 £289.27 £257.18
62000 £428.16 £343.85 £294.01 £261.39
63000 £435.07 £349.40 £298.75 £265.61
64000 £441.97 £354.94 £303.50 £269.83
65000 £448.88 £360.49 £308.24 £274.04
66000 £455.78 £366.03 £312.98 £278.26
67000 £462.69 £371.58 £317.72 £282.47
68000 £469.60 £377.13 £322.46 £286.69
69000 £476.50 £382.67 £327.21 £290.91
70000 £483.41 £388.22 £331.95 £295.12

4% Repayment Rate

4% 15yr 20yr 25yr 30yr
60000 £443.81 £363.59 £316.70 £286.45
61000 £451.21 £369.65 £321.98 £291.22
62000 £458.61 £375.71 £327.26 £296.00
63000 £466.00 £381.77 £332.54 £300.77
64000 £473.40 £387.83 £337.82 £305.55
65000 £480.80 £393.89 £343.09 £310.32
66000 £488.19 £399.95 £348.37 £315.09
67000 £495.59 £406.01 £353.65 £319.87
68000 £502.99 £412.07 £358.93 £324.64
69000 £510.38 £418.13 £364.21 £329.42
70000 £517.78 £424.19 £369.49 £334.19

5% Repayment Rate

5% 15yr 20yr 25yr 30yr
60000 £474.48 £395.97 £350.75 £322.09
61000 £482.38 £402.57 £356.60 £327.46
62000 £490.29 £409.17 £362.45 £332.83
63000 £498.20 £415.77 £368.29 £338.20
64000 £506.11 £422.37 £374.14 £343.57
65000 £514.02 £428.97 £379.98 £348.93
66000 £521.92 £435.57 £385.83 £354.30
67000 £529.83 £442.17 £391.68 £359.67
68000 £537.74 £448.77 £397.52 £365.04
69000 £545.65 £455.37 £403.37 £370.41
70000 £553.56 £461.97 £409.21 £375.78

Can I get a mortgage for £60,000?

Yes, it may be possible for you to get a £60,000 mortgage. If you’ve saved up a significant deposit and you’re looking for a smaller mortgage to purchase a property, lenders will look on you favourably and you may secure a better interest rate.

If you already have an existing mortgage and wish to take out another mortgage to purchase a more expensive home or a second property, mortgage lenders will tend to have stricter requirements.

For more information, speak to an expert for an initial free consultation.

Expert Advice on Your Next Steps

The endless choices accessible to you from firms can be quite daunting, making sure you are not being ripped off is at the top of your list. Borrowing £60,000 can be different from firm to firm and it is our job to make sure you decide on the right one.

To make sure we direct you in the right way, we have provided an online searching system to explore the market in detail to find the most appropriate plan possible.

As simple as it looks, all that is required of you is to enter the mortgage value you want, along with some other information and click search. All deals related to your search from the current market are shown right in front of you.

One-click of the ‘enquire’ button and it is all systems go from there onwards.

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.

Maximise your chances of approval, whatever your situation - Find your perfect mortgage broker

Don't miss out...

Sign up for the latest market news, new lender product information and helpful tips and advice from our experts!

Close icon
;