5yr or 3yr fixed rate??

Hi All,

Please can you help me. I need to decide but haven't got much time to consider it carefully due to other commitments at the moment.

I have my mortgage due for renewal:

2yr 3.54%
or
5yr 3.84%

Exit fees for both, but I am not intending to move at the moment. Saying that, if I decide to do so, I can take the mortgage with me.

At the moment my LTV is 68%, according to my calculations the LTV in 2 yrs would go below 60% so

am I right in thinking that 2 yr is better, despite the possibility that interest rate may go up??

Thank you for any comments.