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Why Choose Us
At Ascot Mortgages, our mission is to demystify the complexities of the UK property finance landscape, ensuring you navigate through your mortgage journey with ease and confidence. Specifically, when it comes to a £450k mortgage, we’re here to illuminate the path to making informed decisions.
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Embarking on a £450k mortgage journey necessitates an understanding of several pivotal factors:
For example, a £450k mortgage at a 4.80% interest rate over 25 years equates to a monthly repayment of approximately £2,578. Conversely, spreading the same amount over 15 years increases the monthly outlay to about £3,512.
It’s always beneficial to have a visual representation, so consider integrating tables and graphics that illustrate varying interest rates and terms.
To provide a snapshot of potential monthly repayments:
Mortgage Term | Interest Rate | Monthly Repayment |
Over 10 years | 4.80% | £4729 |
Over 15 years | 4.80% | £3512 |
Over 20 years | 4.80% | £2920 |
Over 25 years | 4.80% | £2578 |
(Note: These are hypothetical numbers. Use our free online calculator for a tailored estimate.)
For a clear view of potential monthly repayments:
Taking the leap for a 450k mortgage? Here’s a step-by-step guide:
Eligibility criteria include:
Lenders commonly offer loans up to four times your annual salary. For a £450k mortgage, an ideal annual income would be around £112,500, although this can vary depending on other financial obligations and criteria.
Interest rates play a crucial role:
The term of the mortgage significantly affects your repayments:
Various mortgage types offer different implications for your monthly repayments:
Indeed, a broker from Ascot Mortgages can significantly aid in:
Contemplating a £450k mortgage? Ascot Mortgages is at your service, ready to ensure a smooth and enlightening journey towards securing your mortgage. Our experts are just a message away, prepared to provide the wisdom and support you need.
Get things moving, apply for a remortgage.
Free unbiased mortgage advice is just a phone call away.
For a £450,000 mortgage at a 4.80% interest rate over 25 years, expect monthly repayments of approximately £2,578. Utilise our mortgage calculator for precise calculations and consult with a broker for customised advice.
With a 4.80% interest rate, a £450k mortgage over 15 years would result in monthly repayments of about £3,512, subject to specific rates and terms.
Stretching a £450,000 mortgage over 30 years at a 4.80% interest rate could lead to monthly repayments of around £2,361, though accurate quotes are essential.
For a £450,000 property, an annual income between £100,000 and £112,500 is generally advisable, depending on various factors including your financial commitments and available deposit.
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Legal
Ascot Mortgages authorised and regulated by the Financial Conduct Authority and can be found on the FCA register (www.fca.org.uk) under reference 776062. The FCA do not regulate some forms of mortgages. The guidance and advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £599 per mortgage account. Ascot Mortgages Ltd give you the option to pay a non-refundable fee of £1299 payable with the application. If this option is taken, Ascot Mortgages Ltd will refund any procuration fee received by the lender.
Ascot Mortgages Limited is registered in England and Wales and have their registered office at 8 Webster Court, Westbrook, Warrington, WA5 8WD. The company’s registration number is 06764971.
We are a credit broker, not a lender. We work with the whole of the lending market. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature any commissions model will be confirmed to you before you proceed.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT
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