Mortgage rates have dropped to their lowest levels since Liz Truss's disastrous mini-budget.
Buyers are now able to have a 3.83% five-year fixed rate - the lowest mortgage terms since the end of September 2022, according to the broker of L&C. Seven out of Britain's 10 largest lenders are now offering fixed-rate deals below 4% after the Bank of England cut the base rate from 5.25% to 5%.
Barclays, Halifax, HSBC and Nationwide have all reduced their rates.
Mark Harris, chief executive of mortgage broker SPF Private Clients, said: 'With the house rate now cut and fixed rates falling, there is a greater desire to move.'
Daily Mail