Armed with the knowledge of what it costs to get you out of a bad deal with early redemption and possible other charges, it's time to work out what you can save by remortgaging. Use an on-line mortgage calculator to work out your monthly repayments of your new mortgage. By adding in any valuation and conveyancing costs You can easily compare these with your current repayments to see if the monthly deal is better or not.
Many lending institutions have remortgage packages incentives by waiving valuation, arrangement fees, and legals. Often those these incentive packages have a higher interest rate than a loan with a standard rate and fee structure.
On a small loan then by all means the no fees deal is great, but if the mortgage is substantial then it may be worthwhile to pay the fees and take a lower interest rate.