Tracker mortgages are the "best bet" for those consumers looking to take advantage of falling interest rates this year, according to finance experts.
Moneysupermarket.com said that while rates have been going down, increasing numbers of consumers have been reverting to tracker mortgages.
This product offers interest rates on repayments which move up and down with the Bank of England base rate.
Louise Cuming, head of mortgages at moneysupermarket.com, said: "At the moment, the percentage of customers that are on trackers… although it's only 24 per cent, that's the highest it's been since back in 2005."
She added that trend for rates is going to be down, so these products are useful for those spenders where affordability is no issue.
The most recent figures from the Council of Mortgage Lenders, for December 2007, show that 29,600 tracker loans were taken out by homebuyers – making up 24 per cent of all home loans.
A survey by Fairinvestment.co.uk last week revealed that 23 per cent of Britons polled would favour a tracker mortgage.
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