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Offered 5.24% 7 Year Fixed Rate

I am currently on SVR an since the Bank of England rate cut will receive 2.5% cut on SVR in January. However, despite this cut I have been looking at getting another fixed rate as I feel when things start picking up it will be difficult getting a good competative fixed rate deal. I have been offered a 7year 5.24% fixed rate or 5 year 5.19%. This is based on free valuation and free legals.

Is this in your opinion a good deal?
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