Advice on deal ending & smallish amount remaining

Llyllyll

We have a discounted mortgage deal (repayment) coming to an end in June 09. There will be £45k outstanding at that time.

Given our current availability to make overpayments I estimate we could clear that amount in less than 6 years (but term would be 7 years as we don't want to over commit).

My concern however, is that we would like to move within 2 years and I there is the possibility that mortgage interest rates would have risen by then (but who know by how much).

I am now not sure whether to go for another 2 year deal and wait to see what is around when that comes to and end or to go for something like a 10 year fixed (with the flexibility to continue overpaying) that I can transfer across to a new property at the time (or is this too much of a long term plan considering that we could clear that amount in less than 6 years).

I conservatively estimate our current property value to be £135k.

It is also worth mentioning that there is a possibility that the new property/land will be a self build so that has to be a consideration as well.

I am going to give London & Country a ring soon (they were very good in finding our current deal) but I obviously need to be pretty sure about my requirements before doing so.

As usual, any advice greatly appreciated.

Thanks

PS - Having just read this back to myself I am thinking of a 5 year fixed (transferable and with overpayment options). Does this appear to be sensible?

Llyllyll

Anyone...?

Thanks

Llyllyll

Can anyone confirm/agree that my thinking of a 5 year fixed (transferable and with overpayment options) is the sensible way to go?

Thanks