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By Pete Mugleston | Mortgage Advisor

Pete has been a mortgage advisor for over 10 years, and is regularly cited in both trade and national press.

Updated: 16th December 2020*

Are you looking for a mortgage for £80,000? Use our mortgage calculator journey to get a clearer idea of how much an 80k mortgage would cost you per month.

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!

 

 

Our mortgage comparison table has up-to-date information on the latest deals by all of the UK lenders across the whole of the market so that you can get a clearer idea of exactly what the mortgage repayments on an £80,000 mortgage would be. It will show you the best rates available by default.

Hint: Click “view” on the specific mortgage product to see what your initial monthly payments would be.

If you have any questions related to the figures given on this page please don’t hesitate to call us or use the enquiry form opposite to ask one of our experts. Any information is provided for free and is under no obligation.

By default it assumes that you are looking for a purchase rather than a re-mortgage, that you have a 25% deposit and that it will be over a 25 year term. You can easily alter this information. however, so that it fits to your circumstances and any alterations will be automatically calculated.

What will the monthly repayments be on an £80,000 mortgage?

The monthly repayments on an £80,000 mortgage will vary depending on the interest rate you end up with and the term length you take. The table below puts this into perspective…

Interest Rate 1% 2% 3% 4% 5%
5 Years £1,367 £1,402 £1,437 £1,473 £1,510
10 Years £701 £736 £772 £810 £849
15 Years £479 £515 £552 £592 £633
20 Years £368 £405 £444 £485 £528
25 Years £301 £339 £379 £422 £468
30 Years £257 £296 £337 £382 £429
35 Years £226 £265 £308 £354 £404

Looking for an £85000 Mortgage?

Whether it is £81000, £82000. £83000, £84000, £85000, £86000, £87000, £88000,  £89000 or any other figure, deposit percentage or other variable you can make the figures and calculations contained in this sourcing tool as accurate and as in-depth as you would like to based on your personal circumstances.

If you’re ready to make an application or if you just have an enquiry, please fill out our quick form below and an expert will be in touch ASAP. If you require immediate assistance please give us a call

Updated: 16th December 2020
OnlineMortgageAdvisor 2021 ©

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of 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.

Pete Mugleston

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 here...

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