Mortgage renewal advice?

[IamembarrassedIdontknow]

I am embarrassed by my cluelessness. I've googled different calculators but they all seem to be for new mortgages?

Not sure of the current value. I paid 110k 5 years ago and the remaining balance is 85k (I overpaid a little eventually).

You are remortgaging, so it will be a new mortgage

God I am clueless. Does that mean I need a deposit

No they use your equity as the "deposit"

That is very helpful, thank you. The Lloyds calculator looks v. reasonable. With all these stories of tripling payments...

First look at what remortgage deals your current lender is offering.

Compare that to what you can get if you move lender and decide whether it's worth the hassle

We concluded that the additional fees and hoops to jump through didn't justify the marginal rate difference and took the best deal the original lender could offer us.

Call London & country for free advice

Sticking with my current provider is my plan tbh. I am a creature of habit, so I am hoping to fix again, do you think rates will be high for the next 5 years?

Unfortunately you need a crystal ball for that one. I've just done a 2 year fix but I don't know if that was right. I've previously been tied into a higher rate for 5 years and that wasn't ideal.

Get a broker/advisor, it is free and they'll find the best rate and sort out all the paperwork.