Mortgage calculators
Every Poqet mortgage calculator in one place. All free, no sign-up required. Built for real UK scenarios with current 2026 rate context.
Monthly cost by mortgage size
Looking for the monthly payment on a specific mortgage amount? Select your loan size below.
2026 mortgage market — what's happening
The Bank of England began cutting rates in August 2024 and continued into 2026. Fixed mortgage rates have fallen significantly from the 2023 peak but remain higher than the historic lows of 2020–2022. Here is where the market stands in early 2026.
| Product | LTV | Indicative rate (Jan 2026) | Monthly cost on £200k (25yr) | Context |
|---|---|---|---|---|
| 2-year fix | 95% | ~5.5–6.0% | ~£1,280–£1,340 | Higher risk tier — limited deposit |
| 2-year fix | 90% | ~4.7–5.1% | ~£1,140–£1,195 | 10% deposit — meaningful step up |
| 5-year fix | 85% | ~4.1–4.5% | ~£1,060–£1,105 | Sweet spot — most buyers here |
| 5-year fix | 75% | ~3.7–4.0% | ~£1,015–£1,055 | Strong equity position |
| 10-year fix | 75% | ~4.0–4.3% | ~£1,055–£1,080 | Long-term certainty premium |
| Tracker (base + 1.5%) | 80% | ~5.25% (variable) | ~£1,195 | Falls if base rate cuts continue |
| Standard Variable Rate | — | ~7.5–8.5% | ~£1,465–£1,580 | Revert rate — always remortgage before this |
Financial markets are pricing in further gradual cuts to the Bank of England base rate through 2026 — potentially reaching 3.25–3.5% by end of year if inflation remains subdued. Fixed mortgage rates tend to price in expected future base rate movements, so further falls in fixed rates are possible but not guaranteed. The key implication for buyers: locking in a 5-year fix now insulates you from any unexpected rate increases, while a tracker benefits from further cuts at the cost of payment uncertainty. There is no universally right answer — your risk tolerance and how long you plan to stay in the property are the key inputs.
How mortgages work
New to mortgages? These guides explain the mechanics clearly — from how interest is calculated to what lenders actually assess when deciding whether to lend to you.
Getting a mortgage — the process
From checking your credit score to receiving your formal offer — the mortgage application journey explained step by step.
Your credit history affects which lenders will approve you and at what rate.
Credit score guide →Income multiples, stress tests, and your committed outgoings all determine the ceiling.
Affordability guide →A soft credit check that confirms indicative borrowing capacity before you make offers.
AIP guide →Access every lender, get the right product for your profile, single application.
Broker guide →Documentation, valuation, underwriting — typically 2–4 weeks to formal offer.
Timeline guide →Valid for 6 months. Your solicitor reviews and reports on conditions.
Conveyancing guide →Choosing the right mortgage type
The rate structure and mortgage type you choose affects your payments for years. These guides help you make the right call for your circumstances.
Managing your mortgage
Once you have a mortgage, the financial decisions don't stop. Overpaying, switching deals at expiry, and understanding what happens to your balance over time all have meaningful implications.
Remortgaging
With SVRs at 7.5–8.5% and best-buy fixes at 4.1%, the gap between staying put and switching is significant. These tools and guides help you make the right move.
Specialist mortgages
Not all mortgages are residential repayment. If you are an investor, landlord, or buying through a specialist route, these guides cover the products built for your situation.
ICR assessment, 75% LTV, limited company vs personal name — the full BTL mortgage guide for 2026.
How lenders assess portfolio landlords, background stress testing, and specialist lenders.
ICR on HMO rental income — the different assessment approach for HMO properties.
About the author
✓ Editorially reviewed — all Poqet guides are checked for factual accuracy before publication and updated when UK rates or legislation change. Editorial Policy