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United Kingdom Mortgage Calculator

Average mortgage rate: 5.2% • Average home price: £296,000

🇬🇧 Mortgage Details

United Kingdom Mortgage Market Guide

The average mortgage interest rate in United Kingdom is currently around 5.2%. The average home price is £296,000.

When buying a home in United Kingdom, most banks require a down payment of 10-20% of the property value. Mortgage terms typically range from 15 to 30 years. The currency used for transactions is GBP (£).

Tips for United Kingdom Home Buyers

  • Compare mortgage rates from multiple lenders
  • Consider fixed vs variable rate mortgages
  • Factor in property taxes, insurance, and maintenance costs
  • Check eligibility for first-time buyer programs in United Kingdom
  • Current average loan rate for personal loans: 7.9%