Answers · UK 2025/26
How much are mortgage repayments on a £500,000 mortgage in the UK?
A £500,000 repayment mortgage at 4.5% over 25 years costs approximately £2,779/month (£833,749 total). At 5%, monthly payments rise to about £2,923 (£876,885 total). Interest-only at 4.5% costs £1,875/month, but the £500,000 capital is still owed at the end.
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For a £500,000 capital-and-interest repayment mortgage in the UK, monthly payments depend on rate and term. 25-year term: 4.0% £2,639/month (£791,755 total); 4.5% £2,779/month (£833,749); 5.0% £2,923/month (£876,885); 5.5% £3,070/month (£921,131); 6.0% £3,222/month (£966,452). 30-year term: 4.0% £2,387/month (£859,348); 4.5% £2,533/month (£912,034); 5.0% £2,684/month (£966,279); 6.0% £2,998/month (£1,079,191). Interest-only at 4.5%: £1,875/month, with the full £500,000 owed at the end. At this borrowing level, gross household income of roughly £111,000 to £125,000 is typically expected under standard income multiples, and most lenders will want a strong credit history and manageable existing debt given the size of the loan. A 10% deposit on a £556,000 property (90% LTV) is possible but rates improve significantly with 25% or more deposit. Use the mortgage calculator to run your own numbers.
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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.