Phil Jenks, head of mortgages at Halifax, commented:
"For many borrowers, fixed rate mortgages are increasingly popular as they look to take advantage of historically low base rates and the cheaper funding available to lenders. Once again Halifax has been able to pass on the advantages of this cheaper funding to borrowers by cutting the interest rates across our range of fixed rate mortgages.
"For example, a five year fixed rate mortgage is now available for as little as 4.45 per cent which will be ideal for homebuyers looking to fix their costs for a longer period "
