The professional advice website revealed that the number of homeowners opting to stay on their SVR, rather than remortgage to a fixed rate has risen from 35% in January to 37%.
It found that the average rate homeowners would be prepared to fix at is 3.4%, dropping from 4.0% in January 2009.
The research also showed that 46% of homeowners have not reviewed their mortgage since March 2009 when the base rate first hit 0.5% and 16% believe the base rate is so low they do not need to worry about reviewing.
Unbiased said that with fixed rates falling below 5% for the first time in decades and the threat of future interest rate rises becoming more real, homeowners are potentially missing out on the best fixed rate deals.
Karen Barrett, chief executive of unbiased.co.uk, said: “Once rates begin to rise, so will the price of fixed rates, meaning now could be the perfect time for homeowners to review their mortgage finances and move to guard against the potential of increased payments in the future.
“The low base rate has also had a dramatic effect on homeowners’ rate expectations with our research showing a stark contrast between what consumers would be willing to fix their mortgage to and the average rate available.”
Unbiased also found that the rate homeowners would be prepared to fix at is 3.4%. This has dropped from an average of 0.4% in January 2009.
However, fixed rate mortgages continue to remain popular with 18-24 year-olds, where 44% have one, up 6% from 38% in January.
