Hi Beccy,
Yes this will be your element - Power off before repair:
The repair can be done entirely from inside the oven.
1. Remove 4/6 screws holding on the back plate inside oven. Which will expose the element and fan blades.
2. Remove the 3 screws holding the element in place.
3. carefully remove the element and detach the wires connected to it - noting there positions.
4. Replace with an element from us:
http://www.ukapplianceparts.com/elements.asp?search_fd0=Fan%20Oven%20Element&search_fd5=U1421
Lee
February 2007