I'm in the same predicament as you (albeit worse negative equity wise). I was very tempted to fix like you - EBS offering 2 years fixed at 3.8% and would bring down the repayments by approx €100 per month.
I feel however there is a reason the lending institutions are offering these fixed terms (in the past when I have asked about fixing the rates were always higher to fix). Other people I have spoken to say there is only one way the rates can go and that is down. I havent managed to get a straight answer on this forum to the very question you have asked. I'm going to take my chances and just hope the SVR drops considerably over the next while.
It's a hard one to call. But based on Brendans advice here, I might just hold on for another few months.
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