Philip Hanson, head of mortgages at Halifax, commented: "With base rates continuing at their lowest level since the 1950s the time is ideal for both current homeowners and prospective buyers to fix their monthly mortgage repayments.
"Again, we have taken the opportunity to make the most of favourable conditions to bring down the cost of borrowing across much of our range of fixed rate mortgages. For example, a three year fixed rate mortgage is down by 0.36 to 3.99 per cent, great for movers looking to fix their costs."
