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How much should your mortgage cost?

Use our monthly payment calculator to work out how much the mortgage payments for your UK property investment will be.

Indicative mortgage terms

As at January 2022

Simply enter the amount, mortgage period and interest rate to find out what it will cost each month.

Our mortgage calculator prepopulates monthly mortgage payments based on present Buy-to-Let mortgage products available. All figures are indicative and for illustrative purposes only.

Your repayments

Based on what you entered, We think your mortgage will cost

All advice on mortgages and financial services is provided by our qualified mortgage professionals. With access to a wide range of mortgage deals, our expert team will listen to your needs and tailor a solution. From your initial mortgage enquiry, we will make our mortgage professionals available to you so that they can guide you through the entire mortgage and house-buying process. Your mortgage adviser and support team will ensure that you understand all aspects of the transaction, receive regular updates throughout the journey and ensure things run as smoothly and efficiently as possible.

How much can I borrow?

The amount that you can borrow is driven by several factors but most commonly it is based on the lender’s assessment of your affordability. Your mortgage adviser will complete a questionnaire around your personal and financial circumstances, in order to gain a clear picture of your current and future situation. If you are purchasing on a buy to let basis, the amount you can borrow could be directly link to the potential rental income that the property can generate. Using this information, they will approach lenders on your behalf to determine the potential maximum amount you could borrow. This is commonly referred to as an Agreement in Principle (AIP).

How much deposit do I need to fund?

Mortgage products are available with as little as a 5% deposit however this will very much depend on the purchase price of the property you are looking to buy and your personal circumstances. In general, the higher deposit you fund the better the terms a lender will grant you. For buy to let purchases, lenders will typically require a deposit of 25% however there are products available for a smaller deposit if key criteria are met.

What are the costs involved?

There are several costs to consider when purchasing a property including solicitors, survey costs, deposit, stamp duty as well as the monthly ongoing payments related to a mortgage. These costs are broadly linked to the value of the property being purchased and your mortgage adviser can talk you through all these related costs to ensure you are fully informed before committing to a purchase.

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The Surrenden Invest team consists of hand-picked property consultants and market experts, who work together to provide the services and solutions that our clients need.

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