Remortgage advise

tygirl202

My fixed rate mortgage fell out of it's term in December and now I am paying over £150 more each month.  I was in the process of trying to sign up for a 5/10yr fixed rate mortgage (we built our house and have no intention of moving) bit now I see the Bank of England have cut interest rates again.

Can you advise on best way forward?

Should I still go ahead with a fixed term or switch to looking for a variable tracker?

If I fix for 5 years, is the country likely to go into recession and I'm 5yrs when my term has ended are interest rates likely to be sky high again?

Please help as I am very unsure as to how to proceed

foxy-stoat

Fix it for 5 years, is what I would do if the rate is low enough for you to afford.