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Why Choose Us

0 %
5-star reviews on Google
£ 0
total donated to various charities
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market

Welcome to Ascot Mortgages, your trusted mortgage advisor in the UK. We’re passionate about ensuring you have a seamless home-buying experience. From understanding the nuances of repayments on a £140,000 mortgage to demystifying the complexities of UK mortgage laws, we’re here to guide you at every turn. Ready to make your property dreams come true? We’re just a message away.

What Our Clients Say About Us

5.0 Based on 142 reviews from review us onAreti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!js_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

26.10.2023

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

26.10.2023

Mortgage repayment on 140k

When considering a mortgage for 140k, several factors come into play:

  • Interest Rates: These can fluctuate and significantly influence the amount you repay monthly.
  • Term Duration: Whether you choose over 10 years, over 15 years, or over 25 years, the duration has a direct impact on your monthly outgoings.
  • Type of Mortgage: From fixed-rate to variable, the mortgage type can alter your repayments.

UK Mortgage Calculator 140k

To give you a general idea, here’s a hypothetical representation of monthly repayments:

Mortgage Term

Interest Rate

Monthly Repayment

Over 10 years

5%

£1485

Over 15 years

5%

£1107

Over 20 years

5%

£924

Over 25 years

5%

£818

(Note: These are hypothetical numbers. Use our free online calculator for a tailored estimate.)

Utilise our free calculator to get a better understanding of potential monthly repayments. By adjusting the interest rate, term, and other variables, you can forecast your monthly and overall costs.

Mortgage Repayment Calculator

How can I get a mortgage for £140k?

Taking the leap for a 140k mortgage? Here’s a step-by-step guide:

  • Evaluate your credit history.
  • Ascertain the amount you can borrow based on your financial health.
  • Employ a broker for tailored options.
  • Seek the best mortgage deal aligning with your needs.
  • Officially apply and await approval.

Find out the eligibility requirements and the process of applying for a mortgage loan of 140k

To be eligible:

  • Have a deposit ready, typically 5-20% of the property cost.
  • Good credit history.
  • Proof of income and employment.
  • Pass the lender’s affordability checks.

How much do I need to earn a year to get a £140,000 mortgage on my own?

Typically, to secure a mortgage on 140k house, one would need an annual income ranging between £31,000 and £35,000. Nevertheless, other financial aspects come into play.

Alison Gibson

Ascot Mortgage Expert

Remortgage

Remortgaging is applied when you keep

living in your present property while applying for another mortgage deal with a new lender. Before finding out how to remortgage and get the best offers from experts like Ascot Mortgages, you have to check meeting what parameters of the deal that can help you succeed the most. The range of background factors varies a lot — from the recently changed loan-to-value ratio or your existing agreement coming to an end.

Whether you are trying to get a more beneficial deal or searching for funding to improve your home conditions, remortgaging is one of the most advantageous scenarios to consider.

How does interest rate affect repayments on a £140k mortgage?

Interest rates are pivotal. A higher rate means:

  • Increased monthly repayments.
  • More interest paid over the term of the loan.

Conversely, a lower interest rate can save you a substantial amount over time.

How does the mortgage term affect £140k mortgage repayments?

A longer term, say over 25 years or 30 years, usually results in lower monthly repayments. However, you’ll likely pay more in interest over time. A shorter term, like over 15 years, increases monthly outgoings but reduces the total interest paid.

How does the mortgage type affect £140k mortgage monthly repayments?

There are multiple mortgage types:

  • Fixed-Rate: Your rate remains constant for a specified period.
  • Variable Rate: The rate can change based on the Bank of England base rate.
  • Interest-Only: You only pay the interest monthly, but the capital amount remains unchanged.

Each type has its pros and cons regarding repayments and overall costs.

£140000 mortgage repayments vs interest only

With £140000 mortgage repayments, you’re gradually paying off both the interest and the capital. With interest-only, your monthly payments might be lower, but you’re not reducing the borrowed amount.

Can a broker help me get approved for a £140k mortgage?

Certainly! At Ascot Mortgages, we harness our deep-rooted industry insights and connections to guide you to the most suitable lenders and mortgage products.

Contact Ascot Mortgages about a £140k mortgage

Ascot Mortgages is here to assist. Our expert team can guide you through the maze of products and offers, ensuring you secure the best deal possible for your £140k mortgage. Don’t navigate this journey alone; let us be your compass. Reach out today!

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FAQ

The monthly repayment for a £140k mortgage in the UK varies based on the term and the interest rate. As a rough guide, for a £140,000 mortgage at 5% interest over 25 years, you’d be looking at repayments of approximately £818 per month. However, it’s essential to use a mortgage calculator for precise figures and to consult with a broker or lender.

For a £140k mortgage over 15 years, the monthly repayments will be higher than a longer-term mortgage because you’re repaying the capital over a shorter period. At a hypothetical 5% interest rate, your monthly repayments would be about £1107. But again, exact amounts depend on your specific interest rate and other terms.

For a £140,000 mortgage over 30 years, your monthly repayments will generally be lower than shorter terms because the repayments are spread over a more extended period. If we consider an interest rate of 5%, you’d be looking at approximate monthly repayments of £751. Still, it’s crucial to get a precise quote tailored to your circumstances.

For a £140,000 house in the UK, the salary requirements can vary based on several factors. Generally speaking, mortgage lenders often cap loans at 4 to 4.5 times an applicant’s income. So, to purchase a house of this price, an annual income of approximately £31,000 to £35,000 might be necessary. 

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