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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
67 5 Star Reviews
Walter Osborne
Easy to talk to and understand every step of applying for a mortgage made easy thank you
2 Jun 2026
Chris Leary
Extremely happy with all the staff that has dealt with our mortgage. Every step has been so smooth and stress free. Thank you so much to everyone at UK Moneyman
2 Jun 2026
H B
We have used Moneyman 3 times now, our initial mortgage and then twice for remortgage, and we definitely intend to use them again in the future. Would definitely recommend to others.
13 May 2026
Lindsay Banks
Ami was fantastic! Professional, knowledgeable, highly skilled at her job and caring, always considering the best needs of the individual, and working tirelessly to reach the best possible outcome. I would recommend her without hesitation, and am so glad I had her on my journey towards securing a motgage offer. Thank you so much!
15 Apr 2026
Elizabeth Heslip
Would 100000% recommend this service. Leo, my advisor held my hand and walked me through the process from start to finish. As a solo first time buyer, it was exactly what I needed, as I found the process very daunting. Stacey was fantastic on the document side of things, and both Leo and Stacey’s communication was fab with me.
16 Mar 2026
charlotte baxter
They have been very helpful and secured our mortgage offer very quickly. Jason was very efficient with the process from first call to us submitting documents and Stacey was great with updates after submitting the application.
12 Feb 2026
Paul Ritchie
We have used Malcolm and his team for years now and have always had a top service. All the team are friendly and professional. Charlie and Paula really helpful on this occasion. Can't believe how quickly they got the mortgage submitted and authorised. Can't thank you both enough for your support. Really excellent service and good value for money.
28 May 2025
Chris Hanning
Great service from the Moneyman team. Walked me through all steps from thinking about house buying/mortgages to getting things over the line. Made a difficult process straightforward.
13 May 2025
Márta Mészáros
I had the pleasure of working with Jason from Sheffield Moneyman, and I couldn't be more impressed with the experience. From the very beginning, Jason was incredibly professional, knowledgeable, and patient. They took the time to explain every step of the mortgage process, making sure I fully understood my options and helping me choose the best loan for my situation. What really stood out was how responsive and available they were, always answering my questions quickly and thoroughly, no matter how small they were. The entire process was seamless, and I felt supported the entire way through. Thanks to Jason, I was able to secure a great mortgage rate and close on my dream home without any issues.
1 Apr 2025
Scott Roebuck
I had a very positive experience working with Jason from Sheffieldmoneyman. His professional approach, coupled with his in-depth knowledge of the financial process, was invaluable. He provided clear and comprehensive guidance, proactively offered tailored advice, and ensured I was consistently informed. I would highly recommend Sheffieldmoneyman to anyone seeking reliable and expert financial assistance.
27 Feb 2025
Helpful Guides
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Read our 248 Reviews
Sheffieldmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Sheffieldmoneyman 2009–2026
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Sheffieldmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Sheffieldmoneyman 2009–2026
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