£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 Check your affordability No impact on credit score Home Mortgage Repayments £60,000 Mortgages Author: Pete Mugleston - Mortgage Advisor, MD Updated: August 25, 2021 Find the best deal for your £60,000 mortgage, check costs, affordability, and see if you’ll qualify, all online with our partners How much is a £60,000 Mortgage? 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. Play with our calculator here for an accurate measure of what a mortgage will cost, and you can also check how much you can borrow as well as get approved by the best lender, with our partners Mojo, for FREE! Speak to an expert broker Get Started Call us 0808 189 2301 As a result, 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 Rated 5 stars on Feefo 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 Speak to an expert broker Get Started Call us 0808 189 2301 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 Rated 5 stars on Feefo 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 Speak to an expert broker Get Started Call us 0808 189 2301 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. Related Articles A Guide to Mortgage Repayments To make sure that taking out your £60k mortgage is done efficiently, you must understand the options available. Everything you would need to know is right here! Getting a mortgage for 400k To make sure that taking out your £60k mortgage is done efficiently, you must understand the options available. Everything you would need to know is right here! What are the Repayments on a £450,000 Mortgage To make sure that taking out your £60k mortgage is done efficiently, you must understand the options available. Everything you would need to know is right here! 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 Continue Reading Mortgage Repayments Repayments on a £20,000 Mortgage Repayments on a £30,000 mortgages Repayments on a £40,000 mortgages Repayments on a £50,000 mortgages Repayments on a £60,000 mortgages Repayments on a £70,000 mortgages Repayments on a £80,000 mortgages Repayments on a £90,000 mortgages Repayments on a £100,000 mortgages Repayments on a £120,000 mortgages Repayments on a £150,000 mortgages Repayments on a £180,000 mortgages Repayments on a £200,000 mortgages Repayments on a £250,000 mortgages Repayments on a £300,000 Mortgage Repayments on a £350,000 Mortgages Repayments on a £400,000 mortgage Repayments on a £450,000 mortgages Repayments on a £500,000 mortgage
