You can switch but you should be aware that there may be additional costs to switching before the end of your fixed term i.e. break costs or redemption costs. To understand what this cost may be you will need to contact your current lender. The questions you will need answered by your current lender are:
- How long left on my fixed contract?
- What is the remaining balance due?
- What will the cost of breaking the fixed contact?
- What rates would be available to you if you broke now or be available at the end of you fixed period?.