Answers · UK 2025/26
How much are mortgage repayments on a £200,000 mortgage in the UK?
A £200,000 repayment mortgage at 4.5% over 25 years costs approximately £1,112/month (£333,500 total). At 5%, monthly payments rise to about £1,169 (£350,800 total). Interest-only at 4.5% costs £750/month, but the £200,000 capital is still owed at the end.
Full answer
For a £200,000 capital-and-interest repayment mortgage in the UK, monthly payments depend on rate and term. At 4.5% over 25 years: £1,112/month, total cost £333,571 (£133,571 interest). At 5% over 25 years: £1,169/month, total £350,754. At 4.5% over 30 years: £1,013/month, total £364,813 (lower monthly but £31k more interest). Interest-only at 4.5%: £750/month, but the full £200,000 capital is owed at the end. Mortgage rates in 2025/26 broadly reflect the Bank of England base rate plus a margin — best buys for 5-year fixes are typically 0.5–1.0% above base rate. A 10% deposit on a £222,000 house (90% LTV) gives access to most lenders; a 5% deposit (95% LTV) is allowed but rates are higher. Affordability tests typically require gross household income of around 4.5× the loan amount, so £200k needs ~£44k household income.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.