Halifax has reduced rates from 0.11% for home movers and first-time buyers (FTBs), to a more significant 0.24% for remortgage products.

The lender is also extending the completion dates on all products, which will provide borrowers with added flexibility.

In an article published this morning by the Guardian, Bank of England governor Andrew Bailey said there was room for the central bank to become a “bit more aggressive” on interest rates provided inflation continued to move in the right direction.

The interview was ahead of the Monetary Policy Committee meeting in November.

If the Bank of England cuts the base rate to 4.75% or even 4.5% by the end of this year, Halifax says it could have “a significant impact on mortgage rates across the board”.

Elsewhere, LendInvest Mortgages has lowered its 85% loan-to-value (LTV) refurbishment bridging product.

The rate has been reduced to 0.98% bringing the net loan to 74% LTV.

LendInvest director of bridging finance Leanne Ardon says: “At LendInvest, we’re committed to offering competitive rates and innovative products that help property investors take advantage of opportunities.”

“With this rate reduction, our clients can unlock the true potential of their assets and secure an exit strategy based on the end value of the property, whether they’re completing a quick upgrade or embarking on a larger development.”