The simple answer to this question is ‘It Depends’ – it really is down to personal circumstances and your future plans.
Before you make any decision, always speak to an independent adviser who can assess your current position and discuss your future plans and aspirations.  Armed with this knowledge they can then run through the options open to you both with your existing lender or potentially alternative providers.  Do call the FTA team on 0330 088 1157 as we will be pleased to review your current position.