Really interesting post Foggy - thank you.
Interestingly my IP contacted me in September and is insisting the remortgage process is completed by December 2020 - I reach year 5 next Spring. I am left wondering how binding this guidance is so have asked for clarity (My IP is a large concern based in NW).
Personally I feel conflicted because the protocol agreement I signed is for remortgage or secured loan. It was too much for me to process at beginning, I was told verbally it would be 'very, very, very hard' but actually it isn't - even in a pandemic there are lenders who specialise in this. When I look at the rates and the overall cost to repay is makes me feel quite ill; I would effectively be taking on more debt overall than I started with. I know this is part of the 'system' and becoming credit worthy means be able to refinance in the future and the protocol caps the monthly amount but it is not easy to feel comfortable with this.