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I imagine rates could drop a smidge in Feb since they decided to hold them steady this time, but it's not guaranteed and it probably won't be a hugely significant change. I've given up trying to play the market too much although I did accept a deal several months before our deal came to an end just in case rates came down, which they did and so we switched to that lower rate. Cautionary tale for anyone who does that - check what you're allowed to switch to as ours only let you move to a deal with identical terms save for the rate.
rhowe
Thanks both. We've had savings since selling last year but we've just started spending it on our extension so no more.
The next Bank of England decision is on 6th Feb so I suppose there's a chance that mortgage rates could go down again in anticipation of that. But no one seems to have a clue what the medium to long term outlook is, and all predictions over the last two years seem to have been overly optimistic, so it might be best just to find a deal we're able to pay with overpayments and then just get on with it.