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
4.98 Rating774 Reviews
Baes
We did the right decision in choosing Hullmoneyman as our advisor. They explained everything to us so that we could understand every process. Thank you again. 100/100 recommend.
7 hours ago
SG
Great service, take the stress out of getting a mortgage deal and will find the best deal for you with the current APR rates and lengths
1 week ago
Phill
Excellent service. Helpful, quick and flexible. Could not ask for anything more.
1 week ago
Anonymous
I have used moneyman for a remortgage as I am self employed and had initially been refused the whole process has been effortless, Jason has been absolutely brilliant with the whole process and we would recommend to anyone.
1 week ago
James
Brilliant help from the Moneyman team. Super efficient, super helpful, no question was a stupid question, responsive and overall a brilliant service. As first time buyers, we were unsure on where to start with getting a mortgage but Chris, Paula and...
3 weeks ago
Sam
Conor and Stacey have been brilliant in helping me as a first time buyer. Always at the end of the phone whenever ive had questions and guided me through the process amazingly.
4 weeks ago
Miss Shona
Charlie is very professional, punctual and helped me understand everything I needed to know. He made me understand things easier.
1 month ago
Scott
Make changing mortgage provider simple. Always there for help and advice Good service
1 month ago
Alex
Couldn't be more happy. Very efficient and professional.
1 month ago
Anonymous
Prompt and professional service. This is the second time that we've used Hull Moneyman and we'll definitely be giving them a call when it's time to remortgage again. Highly recommended.
1 month ago
Melanie
Excellent communication, I felt at ease during our meeting. Very friendly. Explains in detail and asks questions. Would highly recommend
1 month ago
Anonymous
Really helpful and informative. Quickly got what we needed and kept us informed throughout the process. Booked telephone calls around our commitments and responded quickly to emails. Thank you Tom and Jo.
2 months ago
Miss Caroline
This company was recommended to me, the service I have received can only be described as exceptional. Someone who works outside the “normal” working day is so hard to find. Detailed advice and support throughout. I would not hesitate to...
2 months ago
Paul
I would like to give a big thank you to Hullmoneyman especially Malcolm great experience great customer service far the best and his team thank you guys.
2 months ago
Sean
I have used moneyman three times now and have never had it so easy
2 months ago
Paulina
Moneyman we couldn't have made a better choice. Malcolm and Catherine did a great job. We received the service we expected from a mortgage advisor. Fast and easy communication every day of the week. Thank you very much 😊
2 months ago
Anonymous
Very good, fast and efficiency
2 months ago
Wayne
Super fast
2 months ago
Mr Leon
Excellent, easy going, informative, friendly, made understanding mortage terms easier
3 months ago
Anonymous
Daniel has always been incredibly helpful in arranging things for me. He has made my life much easier when looking to remortgage.
3 months ago
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Hullmoneyman.com & Hullmoneyman 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.
© Hullmoneyman 2025.
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Hullmoneyman.com & Hullmoneyman 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.
© Hullmoneyman 2025.
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