Calculate monthly payments, affordability, and total mortgage costs
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As of 2025, UK mortgage rates typically range from 4.5% to 7% depending on deposit size, loan-to-value ratio, and term length. Fixed rates are popular for budget certainty.
First-time buyers benefit from no stamp duty on properties up to £300,000 and reduced rates up to £500,000. Many lenders offer 95% LTV mortgages for eligible buyers.
Lenders typically lend 4-5 times your annual income, though this varies. They assess your income, outgoings, credit score, and financial commitments comprehensively.
Budget for stamp duty, legal fees (£1,000-£2,000), survey costs (£300-£1,500), mortgage arrangement fees, and moving costs when buying a property.