4.23% Fixed Rate Mortgage Deal

Remortgage Deals – January 2023

Are you looking for the latest mortgage deals to remortgage now or within the next seven months? We recommend that you contact our mortgage brokers who can assess a range of mortgage options rather than simply renewing your mortgage with your current mortgage lender. Changing to a new remortgage product has the potential to save you money. 

For example, our latest Fixed Rate Remortgage Deal is standing at 4.23%, which represents one of the lowest rates currently on the market. 

Remortgage Deal – Option 1

£200,000 loan with a 25-year term

Fixed Rate of 4.23% until 31.03.2025

Monthly Payment £705.00

Early repayment charges will apply until 31.03.2025
The overall cost for comparison is 7.6% APRC

For the fixed rate mortgage you would pay 26 payments at a fixed rate of 4.23% with monthly payments of £705.00. This would be followed by 274 payments at a variable rate, which is currently 7.84%, with monthly payments of £1,306.67. The total amount payable is £580,457.

The illustration is based on an interest only mortgage.

Remortgage Deal – Option 2

£250,000 loan with a 25-year term

Fixed rate of 4.23% until 31.03.2025

Monthly Payment £881.25

Early repayment charges will apply until 31.03.2025
The overall cost for comparison is 7.6% APRC

For this fixed rate mortgage, you would pay 26 payments at a fixed rate of 4.23% with monthly payments of £881.25. This would be followed by 274 payments at a variable rate, which is currently 7.84%, with monthly payments of £1,633.33. The total amount payable is £724,544.

Please note: If you are reading this this after 17/01/2023 it is possible that these rates may no longer be available. The actual rate available will be dependent on your own individual circumstances. 

Rafi Khan, Mortgage Broker & Protection Adviser in East Ham, London said:

“As professional mortgage brokers, we fully explain the remortgaging options that will be available to fit your individual financial circumstances. We will review your spending, outgoings, and any potential future expenses in order to ensure that you have the right remortgage deal for you. We understand all the mortgage products available from a wide range of mortgage lenders, so we can find you the most suitable mortgage options to fit your financial situation. The service that we provide means that we can save you time, and make sure you fully understand the mortgage products available to you.”

If you would like to discuss which mortgage options will be most suitable for your circumstances, please call us on 01707 872000. Our mortgage advisers will search the market on your behalf and present the best deals available to you.