My yearly sub to ddo expires this month before the server consolidation. I am going to take a break until after the next expansion then go back to a yearly sub.
As a F2P will I be able to transfer my char's over and will I have access to all of my chars to do that?
1st you will NOT be F2p. DDO has 3 account types: VIP, Premium and F2p. If you've spent any real money on the game you'll have a Premium account.
Current character slot break down is: VIP 11, Premium 5 and F2p 3 PER SERVER, not all total.
So to answer your questions: YES everyone no matter what account type will be able to transfer.
Depending on how many characters you currently have you may or may not have access to them all if all are placed on the same server. Example: If you currently have 11 characters, drop your VIP all your characters will be locked when you first log in and you'll have to unlock 5 of those you wish to play if you put them all on the same server.
If instead you transfer 4 (of those imaged 11) to 1 server, 4 to another and the last 3 to another than you'd have access to all of them as you'd be under the Premium 5 allowed.
**** Now if you're in the position of having 11 BEFORE the server transfers and drop your sub before the server transfers than you'd have 6 locked so unless SSG steps in and maybe allows locked characters to be logged into on the closed servers (after Aug 31st) so you can transfer them, you should do the 1 month sub so you can access them and pack them up during the transfer window.