In the process of remortgaging. Options?

SteveLAW58

Firstly I'm conscious that many many people are in a worse situation that me, however I thought it would be worth asking a question on the appropriate forum to see what people advise. 

Background:
About 6 weeks ago I started the remortgage process as I am nearing the end of a 5yr fix with BOI/Post Office (approx £100k remortgage, no extra borrowing). At the time I selected a 2yr fix directly with First Direct at 1.54%. This reduced my monthly payments by about £50 per month. I haven't been able to complete all the necessary documentation yet (counter signatures, etc.) due to self isolation. My fixed rate ends on 30th March and then I go onto a variable rate of around 4.25% with Bank of Ireland / Post Office, which is about £50 a month more than I'm currently paying in my fix.  As I haven't been able to complete the documentation, I'm going to roll over into my variable rate with BOI/PO before I can sort anything. 

I've applied for the mortgage but as I have not yet signed and completed everything, does anyone know where I stand currently in terms of pulling out or changing my mind? Secondly, would people recommend this - or am I too far down the line? Obviously rates have gone down, and a tracker rate looks financially a better option in the short term. However I'm also unsure about applying again and whether this would hinder my chances.  The other thing in my mind is do I try and take advantage of a mortgage holiday whilst I'm still with BOI on the variable terms?

Appreciate another view. Like I said at the start, conscious that many other people are in tougher financial and health situations but feel it diligent to look at my own finances accordingly.  

MovingForwards

Are you self-isolating due to being ill, living with someone who is, or following guidelines?

Who can you use as counter signature? Eg a neighbour? 

Are you able to find a new deal with them online and just accept it? (I don't know how BOI / PO work)

If you haven't signed anything for a remortgage, there is no acceptance of the offer to remortgage and you can stop the process.

SteveLAW58

Self isolating as with someone who is ill. I'm less concerned about completing the counter signatures, I guess that can be done in due course. My dilemma was more about continuing to proceed with my new fix, or trying to explore other deals - or whether this was even advisable. 

Thrugelmir

Rolling over onto the SVR is highly likely to negate any savings from finding a marginally cheaper fixed rate. The challenge you potentially face is that if lock down is imposed. Surveyors for one, are unlikely to be working.