Latest figures from the Abbey Re-mortgage Index have shown that demand for longer-term fixed-rate deals remains strong. Five-year fixes are the most popular option, with 27 per cent of people saying that if they took a re-mortgage deal tomorrow they would choose a five-year fix. Making it more than twice as popular as the next most popular; three-year fix mortgage.

As people s horizons are getting even longer, the number of people saying they want a ten or fifteen-year fix has risen to 11 per cent after a dip in the spring - the same number as those who would choose a three-year deal. This comes as Abbey launches a new ten-year fixed rate mortgage this month, with a market leading rate of 6.24 per cent and £999 fee, for up to 75 per cent loan-to-value.

The three-year fix has also grown steadily in popularity since the start of the year, although at a slower rate than the five-year fix. In February just 3 per cent said they'd re-mortgage to a three-year fix, whereas in June this had grown to 11 per cent.

Phil Cliff, Director of Abbey Mortgages, said: "The Abbey Remo Index gives a really interesting insight into the minds of homeowners at the moment. The credit crunch seems to have instilled a longer-term vision among homeowners who want to make sure they are well and truly out of the crunch period when they re-mortgage again. Those who do want to fix for the longer-term are well serviced by Abbey. Our new ten-year fixed rate deal is the best in the market at 6.24 per cent and our five-year fixed rate deal is also competitive at 6.49 per cent."