Mortgage.. SVR for fix?

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Apols if this has been asked already. Our 5 year fix rate is coming to an end in a few weeks. Confusingly it's in 3 parts, one is on BMR (2% above base rate), the other two are fixed at c 2%. The 3 parts being roughly equal (40/30/30), £100k left.

My OH has read somewhere that rates will come down in August so we should just let it go onto SVR (2 the parts coming to an end). That will mean paying another £200 a month for 2-3 months while we wait and see. If we fix now @ 4.8% and only it goes up £50 -£80 a month.

What I can't work out is, if it drops 0.25 in August, will that save more than £400 over a 2 year term? If it won't then shouldn't we just lock it in now? Same call for 0.5 drop?

Anyone point me to any calculators (or have a view on interest rates?). Hard to know what impact the GE will have 🤷‍♀️

You can get a very rough idea of what a 0.25% drop in interest rates would do over 2 years simply by doing Mortgage x 0.25% x 2 eg for yourself £100,000 x 0.25% x 2 = £500

But remember - even if the Bank of England does reduce interest rates by 0.25% in August that doesn't mean every mortgage provider will immediately reduce fixed rates by 0.25%. Indeed, if mortgage providers already expect this to happen they may not reduce them at all. And if the BoE DON'T reduce interest rates fixed rates could rise.

Back when we first had our mortgage, before we hit the period of really low rates, it was more common to have a tracker mortgage than a fixed rate. Check if you can get any offers for a rate that tracks either the banks own rate or the BoE rate, and see if you like them any better than the options you are currently looking at. Good luck getting something that suits.