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I am in same predicament! i am coming off a fixed rate in february and i am scratching my head a little bit!theres talk of a interest rate cut within the next month or so, which is great for me but maybe not great for you!!personally, i believe that interest rates are still low if you look at the historical interest rates for the last 40 years, so a fixed rate now is still a good idea. however, if the government are to cut interest rates - how blokey times will they do it??finger in the air time!i am still favouring a fixed rate deal, it depends on how much i am willing to pay to set up the deal?? hmmm!although rates may come down....... i still like to know how much is coming out of my bank account each month, which is not as exciting as waiting on the bank of england to announce their interest rate decision each month, but i could do without the worry!! ie - theres in life to worry about.and as i have said interest rates are still historically low.the decision i am afraid is down to you.... how much of a risk do you want to take??btw - rates are not rising all over the world - look at america - cut of 0.5% a month or so ago - talk of another cut.
