Home buyers in Yorkshire and Humberside are more likely to choose variable rates than owners who are remortgaging, figures from The Mortgage Bureau have shown.
Data from the national advisory firm over the first two months of 2015 showed that borrowers in Wales, the North West and East Anglia were the most likely to prefer fixed rates.
Those in London, the East Midlands and the South West were the most likely to choose variable deals, while Yorkshire and Humberside was unusual in that it was the only region where buyers were more likely to choose variable rates over remortgaging owners, at 9.7 per cent and 6.8 per cent respectively.
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