Mortgage brokers up and down the UK are still advising first time buyers and people who want total control of their finances to take on fixed rate mortgages.
Tracker and variable rate deals are proving popular because of the fall in the base rate but some people are still unsure about whether to take the risk and get one of these mortgages.
A recent survey from FairInvestment showed that 57% of consumers still prefer fixed rate mortgages with the main reason being the steady repayments that allow them to budget accurately.