Gibraltar Mortgage Calculator
Calculate your monthly repayments, total interest, and full amortisation schedule.
£10,000£1,400,000
0.10%15.00%
5 years30 years
Monthly payment
£1,637
per month
Total interest
£211,056
Total repayable
£491,056
Principal 57%Interest 43%
£280,000£211,056
PrincipalInterestBalance
| Year | Payment | Principal | Interest | Total interest paid | Balance | |
|---|---|---|---|---|---|---|
| Year 1 | £19,642 | £5,773 | £13,869 | £13,869 | £274,227 | |
| Year 2 | £19,642 | £6,069 | £13,574 | £27,442 | £268,158 | |
| Year 3 | £19,642 | £6,379 | £13,263 | £40,705 | £261,779 | |
| Year 4 | £19,642 | £6,706 | £12,937 | £53,642 | £255,073 | |
| Year 5 | £19,642 | £7,049 | £12,594 | £66,236 | £248,025 | |
| Year 6 | £19,642 | £7,409 | £12,233 | £78,469 | £240,615 | |
| Year 7 | £19,642 | £7,788 | £11,854 | £90,323 | £232,827 | |
| Year 8 | £19,642 | £8,187 | £11,455 | £101,778 | £224,640 | |
| Year 9 | £19,642 | £8,606 | £11,037 | £112,814 | £216,034 | |
| Year 10 | £19,642 | £9,046 | £10,596 | £123,411 | £206,989 | |
| Year 11 | £19,642 | £9,509 | £10,133 | £133,544 | £197,480 | |
| Year 12 | £19,642 | £9,995 | £9,647 | £143,191 | £187,485 | |
| Year 13 | £19,642 | £10,507 | £9,136 | £152,327 | £176,978 | |
| Year 14 | £19,642 | £11,044 | £8,598 | £160,925 | £165,934 | |
| Year 15 | £19,642 | £11,609 | £8,033 | £168,958 | £154,325 | |
| Year 16 | £19,642 | £12,203 | £7,439 | £176,397 | £142,121 | |
| Year 17 | £19,642 | £12,827 | £6,815 | £183,212 | £129,294 | |
| Year 18 | £19,642 | £13,484 | £6,158 | £189,370 | £115,810 | |
| Year 19 | £19,642 | £14,174 | £5,469 | £194,839 | £101,637 | |
| Year 20 | £19,642 | £14,899 | £4,743 | £199,582 | £86,738 | |
| Year 21 | £19,642 | £15,661 | £3,981 | £203,564 | £71,077 | |
| Year 22 | £19,642 | £16,462 | £3,180 | £206,744 | £54,615 | |
| Year 23 | £19,642 | £17,304 | £2,338 | £209,081 | £37,310 | |
| Year 24 | £19,642 | £18,190 | £1,452 | £210,534 | £19,120 | |
| Year 25 | £19,642 | £19,120 | £522 | £211,056 | £0 |
For illustrative purposes only. Not financial advice. Speak to a GFSC-regulated mortgage adviser.
This free Gibraltar mortgage calculator works out your monthly repayments, total interest, stamp duty, and full amortisation schedule — with no sign-up or email required. It is the only independent mortgage calculator built specifically for Gibraltar.
Gibraltar's property market is one of the most compact in the world, with prices among the highest per square foot in Europe. Mortgages follow a broadly UK-style model, with variable rates linked to the Bank of England base rate or Gibraltar-based lenders' standard variable rates.
How Gibraltar mortgages work
Gibraltar mortgages are typically capital-and-interest (repayment) loans calculated on an annuity basis: the monthly payment stays the same throughout the term, but the proportion of interest falls and the proportion of capital repaid rises over time.
Example calculation. A £200,000 mortgage over 25 years at 5.0%: monthly payment = £1,169. Total interest = £150,700. Over 20 years: payment = £1,320, interest = £116,800 — saving £33,900 for £151 more per month.
Stamp duty on Gibraltar property
Gibraltar stamp duty is charged on a sliding scale based on property value:
- Up to £200,000: 0%
- £200,001–£350,000: 2% on the amount above £200,000
- £350,001–£500,000: 2% on the first £350,000 above threshold + 5.5% on the remainder
- Over £500,000: rates continue to escalate — consult the Gibraltar Tax Office for current bands
Mortgage rates in Gibraltar
Gibraltar lenders include Gibraltar-incorporated banks (such as Jyske Bank Gibraltar, NatWest International) and UK-based lenders with Gibraltar operations. Rates are typically linked to the Bank of England base rate for variable-rate products, or offered as 2–5 year fixed-rate deals.
As of June 2026, the Bank of England base rate was approximately 4.25%, with variable mortgage rates at 5.5–6.5% and fixed rates at 4.5–5.5% depending on LTV and term. Gibraltar lenders also offer euro-denominated mortgages for purchases in euros.
Purchase costs and legal fees
Beyond stamp duty, buying property in Gibraltar involves:
- Legal fees (solicitor): typically 0.5–1% of purchase price, minimum £750–£1,500
- Mortgage arrangement fee: £500–£1,500 depending on lender
- Property valuation: required by lender, typically £400–£800
- Land Registry fee: approximately £150–£300
Overpayments and early repayment
Gibraltar mortgage contracts generally allow overpayments of up to 10% of the outstanding balance per year without early repayment charge (ERC), though terms vary by lender. Early repayment charges typically apply during fixed-rate periods and can range from 1–5% of the amount repaid early.
Use the Add extra monthly payment feature in the calculator to model how overpayments reduce your total interest and shorten your mortgage term.
FAQ
What are current mortgage rates in Gibraltar?▾
As of June 2026, variable rates in Gibraltar were approximately 5.5–6.5% (linked to the Bank of England base rate of ~4.25%). Fixed rates for 2–5 year terms were available from around 4.5–5.5% depending on LTV and lender.
How much can I borrow for a Gibraltar mortgage?▾
Most Gibraltar lenders will lend up to 80% of the property's value (LTV). Affordability is typically assessed at 4–4.5× annual gross income or using an income multiple stress test. Use the How much can I borrow? tab to calculate a maximum based on your monthly budget.
Can I get a mortgage in Gibraltar as a non-resident?▾
Yes, but lenders may impose a lower maximum LTV (typically 60–70%) for non-residents and may require a larger deposit. Some lenders also require proof of income and tax residency documentation. UK residents buying in Gibraltar as a second property typically face normal UK affordability checks.
Is stamp duty different for first-time buyers?▾
Gibraltar offers stamp duty relief for first-time buyers purchasing a primary residence. Thresholds and rates change periodically — confirm the current first-time buyer relief with the Gibraltar Income Tax Office or your solicitor before exchange.
What currency should I take out a Gibraltar mortgage in?▾
Gibraltar uses the Gibraltar pound (GIP), which is pegged 1:1 to sterling (GBP). Most mortgages are denominated in GBP. Euro-denominated mortgages are available but carry currency risk if your income is in GBP. Always borrow in the currency of your main income.