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Are you looking for a £70,000 mortgage?

Click through to calculate your repayments and find the best deal for your £70,000 mortgage, and see if you'll qualify, all online and FREE with our partners: mojo

No impact on credit score

Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: August 10, 2021

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.

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!

Alternatively, get a comprehensive mortgage quote from one of the experts we work with today.

1% Repayment Rate

1% 15yr 20yr 25yr 30yr
70000 £418.95 £321.93 £263.81 £225.15
71000 £424.93 £326.52 £267.58 £228.36
72000 £430.92 £331.12 £271.35 £231.58
73000 £436.90 £335.72 £275.12 £234.80
74000 £442.89 £340.32 £278.89 £238.01
75000 £448.87 £344.92 £282.65 £241.23
76000 £454.86 £349.52 £286.42 £244.45
77000 £460.84 £354.12 £290.19 £247.66
78000 £466.83 £358.72 £293.96 £250.88
79000 £472.81 £363.32 £297.73 £254.10
80000 £478.80 £367.92 £301.50 £257.31

2% Repayment Rate

2% 15yr 20yr 25yr 30yr
70000 £450.46 £354.12 £296.70 £258.73
71000 £456.89 £359.18 £300.94 £262.43
72000 £463.33 £364.24 £305.18 £266.13
73000 £469.76 £369.29 £309.41 £269.82
74000 £476.20 £374.35 £313.65 £273.52
75000 £482.63 £379.41 £317.89 £277.21
76000 £489.07 £384.47 £322.13 £280.91
77000 £495.50 £389.53 £326.37 £284.61
78000 £501.94 £394.59 £330.61 £288.30
79000 £508.37 £399.65 £334.84 £292.00
80000 £514.81 £404.71 £339.08 £295.70

3% Repayment Rate

3% 15yr 20yr 25yr 30yr
70000 £483.41 £388.22 £331.95 £295.12
71000 £490.31 £393.76 £336.69 £299.34
72000 £497.22 £399.31 £341.43 £303.55
73000 £504.12 £404.86 £346.17 £307.77
74000 £511.03 £410.40 £350.92 £311.99
75000 £517.94 £415.95 £355.66 £316.20
76000 £524.84 £421.49 £360.40 £320.42
77000 £531.75 £427.04 £365.14 £324.64
78000 £538.65 £432.59 £369.88 £328.85
79000 £545.56 £438.13 £374.63 £333.07
80000 £552.47 £443.68 £379.37 £337.28

4% Repayment Rate

4% 15yr 20yr 25yr 30yr
70000 £517.78 £424.19 £369.49 £334.19
71000 £525.18 £430.25 £374.76 £338.96
72000 £532.58 £436.31 £380.04 £343.74
73000 £539.97 £539.97 £385.32 £348.51
74000 £547.37 £448.43 £390.60 £353.29
75000 £554.77 £454.49 £395.88 £358.06
76000 £562.16 £460.55 £401.16 £362.84
77000 £569.56 £466.60 £406.43 £367.61
78000 £576.96 £472.66 £411.71 £372.38
79000 £584.35 £478.72 £416.99 £377.16
80000 £591.75 £484.78 £422.27 £381.93

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5% Repayment Rate

5% 15yr 20yr 25yr 30yr
70000 £553.56 £461.97 £409.21 £375.78
71000 £561.46 £468.57 £415.06 £381.14
72000 £569.37 £475.17 £420.90 £386.51
73000 £577.28 £481.77 £426.75 £391.88
74000 £585.19 £488.37 £432.60 £397.25
75000 £593.10 £494.97 £438.44 £402.62
76000 £601.00 £501.57 £444.29 £407.98
77000 £608.91 £508.17 £450.13 £413.35
78000 £616.82 £514.77 £455.98 £418.72
79000 £624.73 £521.37 £461.83 £424.09
80000 £632.63 £527.96 £467.67 £429.46

How can I calculate my monthly mortgage payments?

You can use an online calculator, though these will only provide you with a very rough idea of what your repayments could be.

Mortgage lenders calculate your affordability based on a number of factors including credit rating, employment type and income, and will offer interest rates based on your application as a whole. They will also be able to offer you introductory rates based on your lending requirements and circumstances, which online calculators wouldn’t offer.

Speak to an expert and we’ll match you with an expert who can help you get a mortgage quote.

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 enables 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 comprehensive mortgage quote. Alternatively, call us now on 0808 189 2301.

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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