Unless you have a good reason to take a two-year fixed rate, such as needing to move or expecting to have to sell your home, brokers suggested that five-year fixed rates might be a cheaper long-term bet.
Rates may stay low for the foreseeable future but if lenders are worried about the effect of Brexit, they are likely to make it harder for borrowers to get a mortgage by making their affordability and income tests harder to pass.
The experts say not a lot lower: lenders will continue to tinker with their cheapest rates, raising and lowering them by the odd 0.1 per cent here and there but it's likely that if you get a mortgage at the moment, it's going to be a pretty cracking deal.
Partly this could be down to the uncertainty caused by the Brexit vote in June and, indeed, mortgage brokers issued a warning to borrowers after Prime Minister Theresa May confirmed she would trigger Article 50 by March 2017, kick-starting two years of negotiation between Britain and the European Union to decide the terms of the UK's exit.
Lenders also apply different standards to what they will lend.
Whatever the right type of mortgage for your circumstances, shopping around and speaking to a good mortgage broker is a wise move.You can check best buy tables and the best mortgage rates for your circumstances with our calculator powered by London & Country.