I'm in a five-year mortgage deal – what if I decide to move?

I’m unsure what the process would be with remortgaging if we’re in a fixed-rate term

Q I am hoping you can offer some advice regarding my situation. I am currently four years into a five-year fixed-rate mortgage with an interest rate of 3.5% and an early repayment charge of £6,000. We currently owe £115,000 and our house is worth around £210,000 to £220,000.

I am keen to remortgage next year but at the same time, or shortly after, I am hoping to sell this house and buy another one. I think our budget could be up to £280,000 for the next house.

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