Written by Mark Langshaw Reviewed by Lee Trett
Sources
19 June 2026
Lowest rate is currently 3.99% - 2 years tracker interest only mortgage at 60% LTV
30 April 2026
Lowest rate is currently 3.96% - 2 years tracker interest only mortgage at 75% LTV
22 April 2026
Lowest rate is currently 4.01% - 2 years tracker interest only mortgage at 60% LTV
20 April 2026
Lowest rate is currently 2.45% - 25 years tracker interest only mortgage at 65% LTV
15 April 2026
Lowest rate is currently 4.01% - 2 years tracker interest only mortgage at 60% LTV
12 February 2024
First Published
A mortgage of £50k would be well below the market average, but it’s still a good idea to be prepared before you apply for one. Here you will learn how to work out the repayments on a mortgage of this amount and get the best deal possible.
How much would the repayments on a £50k mortgage be?
The typical monthly repayments on a £50,000 mortgage would be around £264. This example calculation is based on a capital repayment mortgage with a term length of 25 years and an interest rate of 4%, which is representative of the UK market average.
If you were to pay this amount on a £50k mortgage over 25 years, you will have repaid £79,176 by the end of the term. The rates we have used to work out these example figures were representative of the UK market at the time of writing, but rates are subject to change.
The exact repayments you end up with will vary depending on the kind of mortgage deal you qualify for and the type of product and repayment type you choose.
Calculate your mortgage repayments
You can use our mortgage calculator below to work out the repayments on a £50k mortgage and how they vary based on different interest rates, term lengths and repayment types. It takes seconds to enter these variables and receive some quick results.
Variables that affect mortgage repayments
The exact repayments to expect on a mortgage of £50k will depend on these factors:
- The interest rate you qualify for
- The term length
- Product and repayment type
- Overpayment
Read on to find out how mortgage repayments vary based on these factors.
Interest rate
The interest rate you are offered will depend on the loan-to-value ratio (how much deposit you can put down) and your creditworthiness. The table below shows how the repayments on a capital repayment mortgage taken over 25 years can vary based on different rates.
|
Mortgage Amount |
Interest Rate |
Monthly Repayments |
Overall Repayment |
|
£50k |
3.5% |
£250 |
£75,094 |
|
£50k |
4% |
£264 |
£79,176 |
|
£50k |
4.5% |
£278 |
£83,375 |
|
£50k |
5% |
£292 |
£87,689 |
|
£50k |
5.5% |
£307 |
£92,113 |
|
£50k |
6% |
£322 |
£96,645 |
Term length
Standard mortgage terms are 25 years but most lenders offer longer and shorter agreements than this to cater for borrowers with different preferences. Stretching a mortgage over a longer term means lower monthly payments but paying more in interest overall.
The table below shows how the monthly cost of a £50k mortgage can vary across different term lengths. An example rate of 4.5% for a capital repayment mortgage was used here.
|
Mortgage Amount |
Term Length |
Monthly Repayments |
Overall Repayment |
|
£50k |
10 years |
£506 |
£60,747 |
|
£50k |
15 years |
£370 |
£66,572 |
|
£50k |
20 years |
£303 |
£72,718 |
|
£50k |
25 years |
£264 |
£79,176 |
|
£50k |
30 years |
£239 |
£85,935 |
|
£50k |
35 years |
£221 |
£92,983 |
|
£50k |
40 years |
£209 |
£100,305 |
Mortgage type
Different product types, such as fixed-rates and trackers come with their own rates, and therefore different monthly costs. The repayment type will also determine your repayments, specifically whether you choose a capital repayment mortgage (as is most common) or an interest-only deal, where only the interest must be paid each month.
The table below shows what the repayments will look like on a £50,000 interest-only mortgage taken over 25 years, with examples based on different interest rates.
|
Mortgage Amount |
Interest Rate |
Interest-only Payments (Monthly) |
Overall Repayment |
|
£50k |
3.5% |
£146 |
£93,750 |
|
£50k |
4% |
£167 |
£100,000 |
|
£50k |
4.5% |
£278 |
£83,375 |
|
£50k |
5% |
£263 |
£78,920 |
|
£50k |
5.5% |
£276 |
£82,902 |
|
£50k |
6% |
£250 |
£125,000 |
The exact mortgage amount
Some mortgage borrowers may be in a position to put down extra deposit or may ultimately have to borrow slightly more than £50k. With this in mind, we have created the table below showing repayment calculations for similar mortgage amounts in the same ballpark.
|
Mortgage Amount |
Monthly Repayments |
Overall Repayments |
|
£40k |
£211 |
£63,340 |
|
£45k |
£238 |
£71,258 |
|
£50k |
£264 |
£79,176 |
|
£55k |
£290 |
£87,093 |
|
£60k |
£317 |
£95,011 |
|
£65k |
£343 |
£102,928 |
The calculations above used a capital repayment mortgage with a term length of 25 years and an interest rate of 4% for example purposes
Savings on a £50,000 Mortgage if you overpay
Overpaying your mortgage by even a small amount can have a surprising impact on the total amount of interest you pay and the length of your repayment term, as show in the below table:
| Monthly Overpayment | New Total Term | Interest Saved | Total Interest Paid |
| Standard repayment | 25 Years | £0 | £29,176 |
| £25 | 21 Years, 5 Months | £5,150 | £24,026 |
| £50 | 18 Years, 9 Months | £8,905 | £20,271 |
| £100 | 15 Years, 0 Months | £13,995 | £15,181 |
| £200 | 10 Years, 6 Months | £19,652 | £9,524 |
Calculations all done? Secure your mortgage today
How much income do you need to get a £50k mortgage?
You will need annual income of around £11,111 to get a mortgage of £50,000 as most lenders cap their maximum borrowing at 4.5 times salary. If you earn under this amount, options include finding a lender who offers mortgages based on 5-6 times salary, applying jointly with another person(s), or declaring supplemental income, such as bonuses.
You can use our calculator below to get an idea of whether you earn enough income to quality for a mortgage of this amount:
Compare £50K mortgage rates online
You can compare the latest rates on £50,000 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.
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Representative example
A repayment mortgage of over year, APR %. Total payable (incl. product fees of ). Repayments: months at (%), then months at (%, variable). Early repayment charges apply. Rates not guaranteed.
About these rates
Rates shown are illustrative based on the property value, mortgage amount, and term you entered above. Actual rates and total cost depend on your credit profile, deposit, and lender assessment. APR figures include product fees where applicable. Early repayment charges may apply. Rates are not guaranteed and may change before you apply - speak to an adviser to confirm what's available to you today. For a per-product representative example, open Show full details on any card above.
Apply for a £50k mortgage today
After running those initial calculations, you can secure your mortgage rate on Money Helpdesk. Not only will we compare rates from across the market for you, we have expert mortgage brokers on hand to offer advice and help you complete your application.
Here are just some of the benefits of choosing Money Helpdesk for your £50k mortgage:
- You can access rates and deals in seconds
- Exclusive products are often available
- We are 5-star rated on leading review websites
- You can secure an agreement in principle in minutes
Ready to take advantage of a free, no-obligation chat with one of our expert advisors? Get started here.
FAQs
The monthly repayments on a £50k mortgage aren’t the only cost you need to factor into your budget. There are other fees involved, but the good news is that they are often a percentage of the loan amount, which in this case, is relatively low. Other costs include:
- Product fees: Can range between nothing and £2,000. Fee-free deals often come with higher rates, but the fee itself can sometimes be added to the mortgage.
- Booking fee: An admin cost as part of the mortgage application process. It can range between £99-250 and is sometimes rolled into the product fee.
- Valuation fee: Some lenders will expect you to foot the cost of having the property you’re buying valued, and this can set you back between £250-1,500.
- Telegraphic transfer fee: A small fee to cover the cost of transferring your mortgage funds to your solicitor so the deal can be closed, usually between £25 and £50.
- Account fee: Another admin cost, usually between £100 and £300, to cover the set up, maintenance and eventual closure of your mortgage account held by the lender.
The mortgage amount of £50k is irrelevant when it comes to deposit requirements as the amount you will need to put down will depend primarily on the property’s purchase price/value. You will usually need 5-10% of this to put down and the £50k will cover the rest.
Under normal circumstances, it will not be possible to borrow the full £50k. If the property’s purchase price is £50k, you will need at least 5% of this amount in deposit funds, so this amounts to a £2,500 deposit, but you can access a wider range of deals with 10% (£5k).
They will be calculated in exactly the same way as for a £50k buy-to-let mortgage but buy-to-let mortgage rates tend to be higher and most of these mortgages are taken out on an interest-only basis. Therefore the average monthly repayment would be around £208, an example based on an interest-only mortgage with a 5% rate and 25-year term.
At the £50,000 mark, you are at the tipping point between a mortgage and a personal loan. Mortgages typically offer lower interest rates and longer terms (up to 40 years), making monthly payments much lower.
Personal loans, on the other hand, have no legal fees, no valuation fees, no charge against your property, and no Early Repayment Charges (ERCs) if you want to pay it off early, although they are usually capped at around £35,000 meaning you're unlikely to be able to borrow the full amount that you need.