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@Bainbridge
We are remortgaging now. A year early on our three year fixed but it’s worth the penalty to switch early onto a good deal.
Options are:
5 year fixed - this depends on us squeaking into the 80% LTV bracket
3 year fixed - this is at 85% LTV so we could take some money out to do the kitchen (rather than a personal loan).
5 year fixed is a slightly worse rate, but it’s really not much difference on the monthly repayments.
We won’t have much of a choice if the valuation comes back lower than we expect as the 5 year rates at 85% LTV aren’t great.