Thanks for the response.

I managed to get a new deal from current provider, 2 years at 3.49%. So all things considered is a good deal. Saving is around 92 a month and ERP was 715 or so.

Wait. If you switch, you might save £100 x 12 which is not very different from the charges for ending the current deal. My view is that any new deal would have to offer a significant saving to make switching worthwhile.

Hello,

I am coming to the end of year 2 of my 3 year fixed term mortgage (£80000 over 25 years). Currently paying £507.18 per month at 5.75%. ERP is 1% plus fee (£160, I think). I am right in assuming;

1. It would cost me approximately £1160 (1000 + 160) to transfer to a new deal plus any set up fees?

2. Current mortgage offers available could me a saving of over £100 per month.

Given the above, with the right offer, would it be a sensible time to set up a remortgage, or should I wait until the end of year 3? (I am in a strong financial position with secure employment)