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BoE are already putting out feelers about raising interest rates over the next couple of years so i'd be wary of a short term fixed because that's just delaying the problem.
You could go with a tracker and keep an eye on rates but i'd go with the 5 year fixed then overpay the difference between it and your old rate. You'd come out ahead of all the other options in terms of remaining balance etc and have the safety of easy financial planning for the next 5 years...
Soul-
the 5 years makes me feel more comfortable but wary of making the "wrong" decision and being stuck for 5 years.
It would already be £300 cheaper than what I'm paying now, plus my student loan will be cleared by the end of this year so I would almost immediately have an extra £600 every month to put into savings if I wanted to.
I get the benefits of an offset, and chances are I would be saving something. But if our circumstances change and we have to use those savings, we'd be stuck with a "risky" mortgage and none of the offsettyness to combat the riskyness.
stevo_com
Getting confused/anxious about remortgaging again.
Coming to the end of a 2 year fix 4.79% - £1,299 pcm
Offset - 1.54% tracked over the base rate (so 1.79% right now - £964.28 pcm) for 2 years then 3.49% over the base
Or, stay with the Halifax and switch to either;
2 year fix - 1.64% (then 3.74% variable) - £941.92 pcm
or
5 year fix - 2.19% (then 3.74% variable) - £998.49 pcm
I don't think we'll be saving enough to make adequate use of the benefits of an offset to warrant switching a gambling with a varying rate. Especially as the base rate is touted to be pushed back up to 0.5% next year which would put the offset/tracker close to the 5 year fixed deal anyway.
Then, Brexit.
What do, internets?!?!?!?