When it comes to mortgages, two-year fixes have historically been the most popular product in the fixed-rate stable as they are cheaper than longer deals – meaning lower monthly mortgage payment, 

Ishaan Malhi from online mortgage broker, Trussle, added: “The cost of borrowing is expected to rise as certain bank subsidies fade away and interest rates climb."In such an environment, locking in to a competitive five-year fixed deal will keep your repayments stable in the next few years while the country comes to terms with an increasingly uncertain economic future.”