Fixed rate ending April 2013

Hiya

Me and my hubby took out a fixed rate (5.79%) in April 2008 for 5 years with Halifax. House was valued at 100k (now they dont seem to be selling for 92k around the area) and we took out mortgage for approx 80k. We had a payment holiday when on maternity & wedding leave so a small portion is on SVR already. We used to pay approx £499pm before payment holiday and now pay approx £526pm. After payment holiday they sent letter advising when fixed rates end all mortgage will be on SVR (at that time 3.50% now 3.99%) and we will pay approx I think it was £100 less than what we do (I think that will now be approx £70 less with the increase in SVR).

When our fixed rate ends obviously 4 months time maybe big changes but I am wondering if best to stay on SVR or if we should fix again? Atm I think our mortgage balance stands at approx 75.4k.

If we hadnt taken out the fixed in 2008 we would of saved a lot of money but it was before recession hit and also our first mortgage together so wanted to be 'safe' so to speak. Lol.

Thanks!! :beer: