Is A&L current SVR competitive? Should I change?

usignuolo

I have a standard Alliance and Leicester repayment mortgage and am paying I think 5.34% interest since January 2009 (I have not yet had the letter telling me this). I owe £21,000 and it has 11 years to run. I retired last year on a modest pension but my partner is still in work and earns a reasonable living so we do not go short. The mortgage is in my name only. Should I remortgage at a lower rate, and will being retired affect my ability to do so?. Alternatively should I pay off the mortgage altogether? There is a £195 early redemption charge. I have a substantial equity in the house, even in the current market, as it is an area which has gone up in the world since I moved here 20 years ago and a house in the road sold only last week. I am not planning to move away myself, not at present anyway.