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100k Mortgage

Compare £100k Mortgage Rates

I Want To Remortgage I Want To Buy

Compare Rates For 100K Mortgages

Compare Interest Rates If You are Borrowing £100,000. Use our calculator to compare latest rates and deal with lenders direct or use our independent mortgage advice service.

    • 4.07% Initial
    • 5 year fixed
    • 6.6% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
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    • 4.10% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.14% Initial
    • 5 year fixed
    • 6.3% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.17% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.17% Initial
    • 2 year fixed
    • 6.6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

How To Get A 100K Mortgage?

In recent years, the options available to those looking for a £100,000 mortgage have increased.

While many lenders will offer a mortgage with a 5% deposit, some now provide options where you can use equity in a close family member's house to help you get on the property ladder.

Things to be mindful of include:

  • Lenders are keen, understandably, to ensure the loan is repaid at the end of the mortgage term. Criteria for lenders will vary, but all will want to understand how you intend to pay off the mortgage at the end of the term. If you opt for a repayment mortgage, your monthly repayment will include a portion of capital repayment. With an interest-only mortgage, you must have an alternative repayment strategy.
  • A repayment vehicle strategy will be required. Some lenders will accept the sale of property as a way of paying off the debt. Some will want to see a savings plan, such as regular investment into ISAs or an investment vehicle. Where property sale is not acceptable to lenders, they often want to see statements of your investments as evidence that a repayment vehicle is in place.
  • Lenders will want to ensure your income supports the mortgage repayments. Most lenders work on an income multiple basis (typically up to 4.5 times annual salary)
  • Previous credit history—If you have had credit blips in the past, this may affect the rate of interest offered to you.

Affordability

Lenders' key consideration is affordability when they lend. Income criteria will come into play when assessing whether an interest-only mortgage is right for you.

For example, for a £100k mortgage, a lender typically needs to see a minimum household income between £20,000 and £30,000. Some lenders offer higher-income multiple mortgages for professionals, such as doctors or lawyers.

This criteria will vary, so if you are unsure, speaking to a broker such as ourselves can help you get the right deal for your circumstances.

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Still Haven't Found What You Are Looking For? Get Personalised Mortgage Quotes