Mortgage, should I wait until after Jan to Fix?

[fastliving]

I need to re-mortgage very soon, I'm looking at 5 year fix deals, should I wait til the Bank of England interest rate meet and Brexit at the end of Jan, in that interests rates might be lowered, or not bother?
I've been offered 1.49% deals at the moment, but with £1000-£1,500 arrangement fees.

They may be raised!

1.49% is a good rate, but I certainly wouldn't fix for 5 years - I might fix for 2 years, if at all.

Do you mind me asking what your rationale is for fixing for 5 years?

At such a low rate I’d fix for 5 years.

I've just fixed for 5. My last deal was 2 years and it came around so quick.
It is a lower rate than my last deal and no fees so I'm happy with it.

Fixing for 5 year because I like the certainty and usually the arrangement fee means switching every 2 years works out quite expensive.

Nothing is going to change after January. Brexit terms have been agreed for some months now. The next test is December for a trade deal.

I fixed for 5 years in December at 1.79%, think it's down to about 1.39% now.

The election helped rates a great deal because it was the result the markets wanted. Waiting until after the election was the thing to do.

i'd fix it so you have no gap in your current to your new rate. Any time at standard variable is paying way to much interest per day.
All the rates now are so low that even a slight up or down change means you're still at a very good rate.

If you think you might pay it off within 2 years then i'd go for that otherwise 5 years for the certainty of payment at record low levels of interest.