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Why Choose Us
At Ascot Mortgages, we understand that embarking on the journey to secure a mortgage comes with its set of queries and concerns. Armed with our expertise, you’re guaranteed a streamlined process. Let’s take a closer look at the financial landscape of a £460k mortgage.
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Securing a mortgage for £460,000 involves considering several key factors that influence your monthly repayments:
Here’s a hypothetical breakdown of monthly repayments for a clearer picture:
Mortgage Term | Interest Rate | Monthly Repayment |
Over 10 years | 4.80% | £4834 |
Over 15 years | 4.80% | £3590 |
Over 20 years | 4.80% | £2985 |
Over 25 years | 4.80% | £2636 |
(Note: These are hypothetical numbers. Use our free online calculator for a tailored estimate.)
To best understand the monthly repayments for a mortgage on £460,000:
Based on a mortgage of £300,000 at 75% LTV and 25 years Today’s best buy mortgages
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Embarking on acquiring a £460k mortgage? Follow these steps:
Eligibility hinges on several criteria:
Typically, lenders provide loans up to four times your annual salary. For a £460k mortgage, an annual income of around £102,200 or more is recommended, though this may vary due to additional financial considerations.
Interest rates are crucial:
The mortgage term significantly influences repayment amounts:
Various mortgage types affect your repayments differently:
Certainly! Ascot Mortgages brokers can:
Considering a £460,000 mortgage? Our team at Ascot Mortgages is ready to offer personalised guidance and help you secure the best mortgage solution tailored to your circumstances.
Get things moving, apply for a remortgage.
Free unbiased mortgage advice is just a phone call away.
For a £460,000 mortgage at 4.80% over 25 years, the estimated monthly repayments are approximately £2,636. Utilise our calculator for precise calculations and consult a broker for tailored advice.
At a 4.80% interest rate, expect monthly repayments around £3,590 over 15 years, though actual amounts will vary based on specific rates and terms.
Extending to 30 years at 4.80% interest could result in monthly repayments of about £2,413, emphasising the need for precise, personalised quotes.
A general rule suggests an annual income of approximately £102,200 to £115,000 for a £460,000 property, considering various factors including creditworthiness and available deposit.
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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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