Halifax has made cuts of up to 0.35 basis points across its range of two, three and four-year fixed rate products for homebuyers and remortgagers.

It is now offering its lowest two-year fixed rate deal so far this year at 2.79% for homemovers and remortgagers, available at 0-60% LTV with a £1,395 fee.

For example, its three-year fixed rate, up to 60% LTV, has been reduced by 0.10 basis points to 3.64% (remortgage only), while its four-year fixed rate, again up to 60% LTV, has been reduced by 0.15 basis points to 4.24%.

All products are available on loans up to £1million. Remortgage products include the Halifax remortgage service, which comprises of a free valuation and no legal fees.

In addition, Halifax has also cut its 60% LTV two-year tracker Homemover & Remortgage by 0.10 basis points, down to 2.34%.

Stephen Noakes, commercial director of mortgages, Halifax, said: “We are continuing to lower rates in order to provide the best possible value to first time buyers