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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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We received a first class service from Ascot. Phil Greenwood assisted us with a commercial mortgage. It is rare to find anyone as efficient and communicative, especially during a stressful transaction. We would highly recommend.
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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!
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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.
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.
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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.
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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.
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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.
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!)
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 🙂
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.
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!
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!
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.
This company has been truly amazing in constantly giving me the support and help i need for my mortgage and for their continuous work ethic guiding customers like myself and educating them into making the best possible decisions. My special mention goes to Phil Greenwood who deserves every single credit for his brilliant work and communication skills. The more I got to work with Phil, the more he gained my respect as he is a hugely likeable man and possibly the best mortgage advisor yet. Even after I finished my time with Ascot Mortgages, I will never lose my trust in the company and I hope they exceed their business and gain even more success and popularity.Best wishes,Shahid Latif and family
Phil helped me renew my mortgage. He was great at keeping me updated with any rate changes and secured a lower rate than at the time my mortgage went through. Thank you Ascot for your support
Huge thanks to Richard Johnson for sorting out all of my insurance policies! I had accumulated a variety of life cover and various other policies over the years that all needed a good review and refresh. Richard was extremely patient and helped me to remove the duplication and choose the best cover to suit our current needs. I have used Ascot Mortgages for over 12 years and have met several members of the team, always finding the right help and support to work through what can be a complicated and stressful time. Thanks again, Richard!
Working with Richard at Ascot has been a great experience. He listened to us and was very professional throughout. This was our first experience with Richard but we've been using Ascot now for 6-7 years. Thank you all at Ascot
Always give a great service and find you a mortgage in a timely fashion.Alison is awesome
We have used Ascot Mortgages for over 5 years now and have had excellent service throughout, primarily with Alison and Kevin. Our latest dealings have been with Richard Johnson who although new to us (and to Ascot I believe) has once again provided the 5 star level of service we have come to expect. His product knowledge is excellent offering a range of options supported with consistent communication and updates, always available on the phone or on email every step of the way.
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Mortgage Repayment Calculator

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

02.10.2024

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:

02.10.2024

Understanding a £460k Mortgage Repayment

Securing a mortgage for £460,000 involves considering several key factors that influence your monthly repayments:

  • The interest rate
  • The loan’s term (options such as over 10, 15, 20, or 25 years)
  • The type of mortgage
  • Your credit history
  • The size of your deposit
  • Any applicable loan fees

UK Mortgage Calculator for £460k

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:

  • Use our calculator.
  • Input the amount you want to borrow – in this case, mortgage on 460k.
  • Adjust the term – over 10 years, over 15 years, over 20 years, or over 25 years.
  • You will receive an estimated monthly payment amount.

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Steps to Securing a £460k Mortgage

Embarking on acquiring a £460k mortgage? Follow these steps:

  • Review your credit history.
  • Determine your borrowing capacity.
  • Consult with an Ascot Mortgages broker.
  • Search for the best mortgage deal that fits your profile.
  • Submit your application and await approval.

Eligibility and Application Process for a £460k Mortgage

Eligibility hinges on several criteria:

  • Having a deposit, usually between 5-20% of the property’s cost.
  • A solid credit history.
  • Proof of stable income and employment.
  • Meeting the lender’s affordability assessments.

Annual Income for a £460,000 Mortgage

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. 

Impact of Interest Rates on a £460k Mortgage

Interest rates are crucial:

  • Higher rates increase monthly repayments.
  • Lower rates can lead to substantial savings over the mortgage term.

How Mortgage Terms Affect £460k Repayments

The mortgage term significantly influences repayment amounts:

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

Mortgage Types and Their Impact on Monthly Repayments

Various mortgage types affect your repayments differently:

  • Fixed-rate: Offers a constant interest rate for a specific period.
  • Variable-rate: Interest rates may vary.
  • Tracker: Rates adjust according to an external benchmark, such as the Bank of England’s base rate.

£460,000 Mortgage: Repayment vs Interest-Only

  • Repayment mortgages combine capital and interest in monthly payments, reducing the balance over time.
  • Interest-only mortgages require payments only on the interest, leaving the principal amount unchanged.

Broker Assistance for a £460k Mortgage

Certainly! Ascot Mortgages brokers can:

  • Provide customised advice.
  • Source the best deals in the market.
  • Simplify the application process.

Contact Ascot Mortgages for Your £460k Mortgage Needs

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.

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FAQ

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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