It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
Work out your mortgage repayments based on your property value and deposit size.
Our mortgage calculator gives a helpful estimate of your potential monthly payments based on your mortgage amount, interest rate and term length.
However, the accuracy of the calculator can vary depending on the accuracy of the information provided.
While a calculator is a great starting point, for precise figures it’s always best to speak to a mortgage advisor who can take all factors into account and tailor advice to your specific circumstances.
Interest rates play a key role in determining the cost of your monthly mortgage payments.
When interest rates are low, your payments are likely to be lower as more of your payment goes towards paying off the capital.
However, if interest rates rise, your monthly payments will increase, as a larger portion will go towards covering the interest.
Whether you have a fixed-rate or variable-rate mortgage will also impact how sensitive your payments are to changes in interest rates. A fixed-rate mortgage offers stability by keeping payments the same, while a variable-rate mortgage can fluctuate with market conditions.
If you’re uncertain, speaking with a mortgage broker like us can help you understand how future interest rate changes might affect your budget.
Your loan value decreases over time as you make your monthly mortgage payments, with each payment contributing towards both the interest and the loan balance (the principal).
The speed at which the loan decreases depends on the type of mortgage you have. With a repayment mortgage, each payment gradually reduces both the interest owed and the principal, so your loan balance decreases steadily.
With an interest-only mortgage, you’re only paying the interest each month, meaning the loan balance remains unchanged until you repay the capital in full at the end of the term.
The amount you can borrow depends on several factors, including your income, outgoings, credit history, and the size of your deposit.
Lenders often use a multiple of your annual salary (typically around 4 to 4.5 times your income) as a guide, but they will also assess your affordability based on your monthly expenses and financial commitments.
For a quick and personalised estimate, you can use our How Much Can I Borrow Calculator to get an idea of your potential borrowing capacity.
For more detailed advice tailored to your situation, speaking to a mortgage broker is always a smart next step.
Using a mortgage broker can make a significant difference when navigating the mortgage process. Brokers have access to a wide range of lenders and deals that may not be available directly to the public.
They can help you find the most suitable mortgage based on your financial situation and preferences, saving you time and potentially securing better rates.
As a broker, we also handle much of the paperwork and liaise with lenders on your behalf, simplifying the process from start to finish.
Our Customers Love Us
5.00 Rating22 Reviews
Dawn
Can not fault this Mortgage Brokers. Connor was always there if I had any questions. My mortgage was dealt with super quick !! I felt totally at ease talking to him, 10/10 and would recommend to anyone who needs a Broker . Thanks so much .
2 months ago
Anonymous
Fantastic service provided by Matt C. We are first time buyers and have been well supported throughout our mortgage application.
2 months ago
Lorrin
Working with Chris at uk money man was such a breeze. Being not only a first time buyer but using the right to buy scheme can't be so confusing stressful. Chris completely removed all the worry for us,and stacey has been amazing getting us through...
3 months ago
Dale
Absolutely brilliant staff, I felt that they really cared and were very patient me. I honestly believe I probably would have never bothered to continue buying my house without the help of this firm. Very trustworthy and did exactly what they said...
3 months ago
Victoria
I have had an incredible experience with money man. The whole process from start to finish was so professional and helpful. My mortgage advisor Dinah went above and beyond for me and really reassured me as a first time buyer by explaining everything...
4 months ago
Jill
Excellent customer service - highly recommend
1 year ago
Paul
Professional service that was friendly and problem free - could not be faulted and is highly recommended for later life financial services.
1 year ago
Sikandar
Matt has been amazing. He not only found me the cheapest mortgage but also made sure that the offer is secured quickly. He remained in close contact advising me at every step of the process. He also helped me in negotiations with the vendor’s...
2 years ago
Anonymous
Helped us to find a reasonable deal but also requested a better one when the lender reduced their rates
2 years ago
Steven
Fantastic service and had our mortgage approved within a week of our first call! Chris and Jo were a pleasure to deal with and available to chat at a moment's notice, even at weekends. The process was incredibly smooth and any recommended parties...
2 years ago
Grace
Matt gave us really good advise, which helped to give us the confidence to proceed with purchasing our first home. Once we had an offer in we were quickly shown the best mortgages to apply for, life insurance/critical illness insurance, and we were...
3 years ago
Lois
Brilliant service as always. Thank you guys 🙏 🏡
3 years ago
Anonymous
Both Jason and Chole were very helpful in helping me and my partner secure a mortgage despite having trouble getting one in the past.
3 years ago
Michael
Great response and very friendly service. Very helpful.
3 years ago
Jacqueline
My experience with this company has been great and I highly recommend them. From the initial stages through to getting the offer, everyone I spoke with was informative, professional and friendly. Tom and Jonathan really helped with the initial...
4 years ago
Sunna
I have spoke to Arron today, I have received excellent customer service. He listened me carefully and answered all my questions promptly!! Good adviser.
4 years ago
Lydia
Amazing! UK moneyman were there every step of the way. Making sure I understood everything and taking the stress out of buying your first house. They were very responsive to emails, calls and gave excellent customer service. 10/10 could not fault...
4 years ago
Kevin
All staff, very efficient,communication excellent and found us a great deal on our mortgage as my credit rating wasn’t great.Thankyou very much Leo and Newcastle moneyman.
5 years ago
david
Being self employed it was hard to get a mortgage!but thanks to Newcastle money man I’ve got one !!!thanks again would definitely recommend them!👍
5 years ago
Harley
Professional service from start to finish. Very helpful with all of the questions I was throwing at them also. Would recommend 100% and we feel we for the prefect product mortgage for us. Thank you guys!
6 years ago
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Newcastlemoneyman 2025.
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Newcastlemoneyman 2025.
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