After a slow January for the property market in the UK, more consumers emerged in February with just over half of them taking on fixed rate mortgages.
Despite the base rate falling over recent months, experts are saying that the uncertainty surrounding the UK market means that consumers are weary of taking on deals that could fluctuate quickly when things change.
Technical manager for John Charcol, Katie Tucker commented, "January was made up almost entirely of the 'bread and butter' mortgages: the ones for which demand rarely falls."