Mortgage and default

kingstreet

In the first instance, you should establish what (if anything) your existing lender will offer you if you stay with them. Their customer retention products may be attractive and, of course, there may be lower/no fees payable, other than the cost of the TofE.

Then, look at remortgage options both via brokers and direct to lenders. Make sure you take into account any fees payable, together with any discharge/final/account fee payable to your existing lender.

Once again, the legal costs for the TofE will be payable even if the remortgage offers "free legals."

ACG

I agree, see what your lender can offer you, then compare that to whats available. It could be cheaper/easier to stay with them, however they may be more expensive or not accept your circumstances so you then have an alternative.