According to research by MoneyExpert.com, borrowers are now paying more for their mortgages than they did before Gordon Brown became prime minister.

The average rate of a three-year fixed mortgage has risen from 6.12% to 6.51% since Mr Brown has been PM.

The financial market has not been in a healthy state and banks have struggled in the last two years trying to balance their books or they face going under.

Fixed rate remortgages may be the solution in this period of financial difficulty.

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