2yr or 5 yr fix?

[Bemyclementine]

If I'm remortgaging now. The monthly payment for the 2 Yr is £35 more than the 5yr so negligible really.

We had a similar situation and went for 2.
Like you the amount we would save wasn’t much and I felt both we and the interest rate situation might be in a better position in 2 years

Thanks @Hoppinggreen . I've always done 5yr, but was erring towards to 2 for the same reasons you mention.

I'd consider at the difference between Trackers and Fixed rates, probably a 2 year tracker.

Generally, trackers are below fixed rates at the moment. It's worth calculating how many base rate rises it would take for a tracker to go above the comparable fixed rate products, the mortgage lenders have already priced a further BR rise into fixed rates. BofE base rate increases beyond 5.25% are looking less likely now. If you lock into a fixed rate for a longer period time and the BofE decrease rates, you could be paying more than you need to.

We went for 5 but I'm risk averse and we know we can absorb the increase now