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@rhowe
4.8% doesn't sound too awful but is obviously a big jump from 1-2%.
If you have the luxury of cash in the bank, you can get 1 year fixed rate savings at 4.25% at the moment (Cahoot). Several regular savings accounts are offering 5% too.
If you had the double luxury of being able to overpay in the past, you may even be able to opt to take a payment holiday and dump the cash that would've gone on the mortgage into savings?