£275,000 Mortgage Repayments

Mortgages of £275,000 are common in the UK, but it pays to do your research before you apply for one. Here you will learn how much a mortgage of this amount costs each month and how to calculate the repayments yourself.

How much are the repayments on a £275,000 mortgage?

Based on the current market conditions in the UK (July 2025), a £275,000 mortgage would cost you around £1,452 per month. This example calculation is based on a capital repayment mortgage with a 4% interest rate taken out over a period of 25 years. 

If you were to repay that amount on a mortgage of this size for the duration of the term, you will have repaid a total of £435,465 by the end of the agreement.

Although this example is representative of an average UK mortgage deal, the exact amount you repay on a £275k mortgage will depend on the interest rate you qualify for, the term length you choose and the type of mortgage you are taking out.

Calculate your mortgage payments

You can use our calculator below to work out the monthly and overall payments on a £275k mortgage. This tool is set up to calculate this mortgage amount by default, but you can change the figure as well as the rate and term if you wish to make some comparisons.

Now that you’ve run some calculations, you can take the next steps on your mortgage journey with us. Get expert advice from one of our brokers - get started here.

Factors that determine your repayments

The main factors that will determine the exact repayments on a £275k mortgage are:

• The rate you qualify for: This will depend on the amount of deposit you have (the more, the better) and the overall strength of your application.
• Term length: A standard mortgage term would be 25 years, but you will likely have the option of a longer or shorter agreement. Longer mortgage terms mean paying less each month, but more overall due to having more interest instalments to pay.
• Mortgage type: Product types such as fixed-rate and tracker mortgages have their own interest rates. Your mortgage’s repayment type will also affect the monthly cost, as interest-only mortgage payments work differently to capital repayment.

We will now explore the impact of these variables on a £275,000 mortgage.

Interest rate

The table shows how the cost of a £275k mortgage will vary across different interest rates. These calculations are for a capital repayment mortgage taken over 25 years.

Term length

The table below shows how the cost of a £275k mortgage can vary across different term lengths. These calculations are based on a capital repayment mortgage with a 4% rate.

Interest-only repayments

If you were to take out a £275k mortgage on an interest-only basis, your repayments will be different. The table below shows how the repayments for a mortgage of this amount would look on this repayment type across different interest rates, with a term length of 25 years.

Repayments for other mortgage amounts

The table below shows what the repayments would look like for similar amounts in the £275 ballpark, for those who are considering borrowing more. These calculations are for a capital repayment mortgage with a 4% interest rate and a 25-year term length. 

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How much do I need to earn for a mortgage of this amount?

To get a £275,000 mortgage, you would generally need a household income of £61,115. This is because most mortgage lenders in the UK won’t let you borrow any more than 4.5 times your annual salary (61,115 x 4.5 = £275,018).

If you don’t earn this amount, you could still qualify for a mortgage of this amount as a smaller number of mortgage providers lend up to 5-6 times salary. There are also lenders who will let you declare supplemental income on top of a salary to boost your affordability.

You can use our calculator below to work out whether your income stretches far enough:

Compare £275K mortgage rates online

You can compare the latest rates on £275,000 mortgages using our free mortgage sourcing tool below. We have set this tool to display results for a 60% LTV (40% deposit) mortgage by default but you can manually change this by altering the mortgage amount and property value to match your personal circumstances. More options are available via the filters menu in the bottom left.

How to get a £275,000 mortgage

Now that you have run some calculations, you can take the next steps on your mortgage journey with us. We'll compare the latest mortgage rates for free, and provide support with your application.

Here are just some of the reasons why people choose us for their mortgage needs:

• We can compare deals from over 90+ lenders
• Our brokers can secure exclusive deals you won’t find elsewhere
• We are 5-star rated on leading review websites
• You could secure an agreement in principle in minutes

Ready to take advantage of a free, no-obligation chat with a broker who specialises in mortgages of £275k or over? Get started here.