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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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5.0 Based on 141 reviews from review us onAshley 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!rafal W. ★★★★★ I would thoroughly recommend Phil Greenwood at Ascot Mortgages ltd to anyone looking to seek advice on purchasing a home.Phil was absolutely fantastic. He made the process very smooth and easy and was always there to answer any questions I had.js_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Navigating a £450k Mortgage Repayment

Embarking on a £450k mortgage journey necessitates an understanding of several pivotal factors:

  • The interest rate you commit to
  • The duration over which you intend to repay the mortgage
  • The type of mortgage deal you select

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.

UK Mortgage Calculator 450k

To provide a snapshot of potential monthly repayments:

Mortgage Term

Interest Rate

Monthly Repayment

Over 10 years



Over 15 years



Over 20 years



Over 25 years



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

For a clear view of potential monthly repayments:

  1. Launch our calculator.
  2. Input the amount you’re keen on borrowing: mortgage on 450k.
  3. Adjust the term: over 10 years, 15 years, 20 years, or even 25 years.
  4. Witness an estimated monthly payment emerge before your eyes.

Mortgage Repayment Calculator

Securing a £450k Mortgage: A Step-by-Step Guide

Taking the leap for a 450k 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.

Eligibility for a £450k Mortgage Loan

Eligibility criteria include:

  • A deposit, typically between 5-20% of the property’s cost.
  • A solid credit history.
  • Verifiable income and employment.
  • Passing the lender’s affordability assessments.

Annual Income Requirement for a £450,000 Mortgage

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.

Alison Gibson

Ascot Mortgage Expert


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.

Impact of Interest Rates on a £450k Mortgage

Interest rates play a crucial role:

  • Higher rates lead to increased monthly repayments.
  • Lower rates can result in significant savings over the mortgage term.

Influence of Mortgage Term on £450k Repayments

The term of the mortgage significantly affects your repayments:

  • Shorter terms result in higher monthly repayments but less interest paid overall.
  • Longer terms offer lower monthly repayments but accrue more interest over time.

Mortgage Types and Their Effects on Monthly Repayments

Various mortgage types offer different implications for your monthly repayments:

  • Fixed-rate: Ensures a steady interest rate for a set period.
  • Variable-rate: Interest rates that may vary over time.
  • Tracker: Adjusts in line with an external rate, like the Bank of England’s base rate.

£450,000 Mortgage: Repayment vs Interest-Only

  • Repayment mortgages involve monthly payments towards both the capital and interest, gradually reducing the mortgage balance.
  • Interest-only mortgages require payments solely towards the interest, leaving the original loan amount unchanged.

Broker Assistance for a £450k Mortgage

Indeed, a broker from Ascot Mortgages can significantly aid in:

  • Offering expert, tailored advice.
  • Sourcing the best deals on the market.
  • Facilitating the application process.

Engage with Ascot Mortgages for Your £450k Mortgage Needs

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.

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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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