Published 8th February 2018
A Mortgage of £70k+
It is extremely important when taking out a £70 000 mortgage to consider the different interest rates and term lengths. This is because they can all have a dramatic effect on the monthly costs you will have to pay in the future. By knowing all this information, deciding on which mortgage to take out is a much simple process.
As a result we have created tables showing the repayments on a £70,000 mortgage at interest rates from 1% to 5% and repayment lengths from 15 to 30 years. Knowing these costs will be essential to your financial planning.
In addition, we had felt it was most necessary to include values up to £80k to identify how the inital loan amount can too have an effect. The tables are shown below.
Alternatively, get a comprehensive mortgage quote from one of the experts we work with today.
1% Repayment Rate
2% Repayment Rate
3% Repayment Rate
4% Repayment Rate
5% Repayment Rate
Which deal is the best for me?
So now we have gained an understanding of the sort of cost implications of taking out a £ 70 000 mortgage. We can now go on to search for the best package.
Obviously firms are competing to provide the best plans, therefore we must ensure that we have done sufficient research into the market to make sure the one you choose, is the right one -often a time consuming procedure. We have overcome this problem by designing a live souring system which enable you to tailor and personalize the search criteria to find exactly what you are after.
It is as easy as entering the amount of loan you are after (e.g £70 000), to then fill out the required information such as how long you want to have paid the mortgage back by and how you want to pay, etc.
Ready to go ahead now?
If you want to make an application today for a £70,000 mortgage then please visit fill out our online mortgage application form. Alternatively, call us now on 0800 304 7880.