Your mortgage payment is only part of the bill. Add insurance, maintenance, service charge and council tax to see what ownership actually costs you each month.
| Mortgage payment | £0 |
|---|---|
| Insurance (monthly share) | £0 |
| Maintenance (monthly share) | £0 |
| Service charge / ground rent | £0 |
| Council tax | £0 |
| Estimated equity (value − balance) | £0 |
First-time buyers routinely budget for the mortgage payment and stop there, then get caught out by the rest. Insurance, maintenance, service charge and council tax typically add several hundred pounds a month on top of the mortgage, and the maintenance figure especially is easy to underestimate until the boiler or roof actually needs attention. Use this tracker before you buy, not after, so the true monthly number is the one you budget against.
This calculator is illustrative only and does not constitute financial advice. Always confirm figures with a lender, broker or HMRC before making a decision.
Property Pundit UK