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Damn. The 3-yr rate I was looking at fixing just went up 20 basis points in one jump from my enquiry two weeks ago to the updated rates this morning. I suspected this was going to happen, although I was hoping they'd hold off long enough for me to get my rate. So for me that tilts the balance in...

Absolutely. It's a gamble. But some people are saying: 'some fixed rates are currently HIGHER than variable so this may not be a good gamble'. And others are saying exactly the opposite: 'some fixed rates are currently LOWER than variable rates so this may not be a good gamble'. If both...

Good point, and I wouldn't take a 5-year rate for exactly that reason. However, the current 3-yr rate I can get is BELOW my current variable, so I'm prepared to take that on if I can get it. (Granted, I could probably renegotiate my variable down 10 basis points, which would put it marginally...

I'm having a bet each way and fixing one property now for three years, because even if the rate continues to fall, I think it's a pretty good deal. (Paperwork's started but nothing's been signed as yet.) If the fixed rates get better still, I might fix another one then.