The amount of people opting for fixed rate mortgages because they have no control over increases in other bills is on the rise.
According to Legal & General, consumers who are struggling to manage debts like the security of knowing they have one set mortgage payment leaving their account each month.
Ben Thompson from the group commented, "The average family is £1300 worse off a year, following massive increases in tax, utility and household costs."
If you are struggling to keep up with all these bills, then a fixed rate mortgage is a great way of setting a budget, sticking to it and keeping well clear of financial problems.