Fixed or SVR for £15k mortgage?

[Sherbert37]

Have 2 mortgages. One is due for renewal. Options are fixed for 2,3,5 yrs or base rate plus 2per cent SVR. Tis only £15k. Any thoughts?

With inflation where it is, it looks as though the base rate will start to creep up again at some point in the future. It's starting from a very low base so +2% might end up being a good deal. On the other hand, if you prefer to be able to budget accurately and don't want any nasty suprises, a fixed rate is a good choice. £15k isn't very much so the differences will be marginal either way.

Thank you. I had thought that but wondered if it was sensible. I can only overpay by £500 per month on fixed rate but unlimited on SVR. Really just want to get this bit paid off asap.