An increasing number of British mortgage borrowers would choose a fixed-rate deal if they had to remortgage tomorrow.

That is according to new research from Abbey, which found that 35 per cent of borrowers would rather be on that kind of deal.

This figure is up on the 31 per cent who said the same in February and is a sign that many Britons are looking for security in their mortgage deals.

According to the study, a five-year fixed-rate mortgage is the most popular choice among borrowers.

A total of 12 per cent of respondents said that they would select this deal, up on the seven per cent who said the same in the previous month.

"The findings from our latest re-mortgage index show that the appetite for fixed-rate mortgages remains high despite widespread agreement that rates have further to fall this year," said Nici Audhlam-Gardiner from Abbey.

The Bank of England failed to cut interest rates in March but the majority of analysts believe that a rate reduction is on the way.