The average rate reduction will be 0.18%, while the largest rate reduction will be 0.4%.
Headline pricing starts from around 4.43% at 60% loan to value (LTV). At 75% LTV, rates sit at around 4.59-4.88%. They rise to around 5.3% at 95% LTV.
Skipton Building Society is also introducing a three-year fixed residential product at 95% LTV for existing customers.
Jen Lloyd, head of mortgage products and propositions at Skipton Building Society, said: “The mortgage market has continued to show resilience, and we’re pleased to introduce further rate reductions following cuts earlier this month.
“With interest rates holding and a degree of improving certainty in the Middle East, this is providing some welcome respite for borrowers.
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“While global conditions remain changeable and affordability is still stretched for many, these latest reductions represent a positive step forward for both existing homeowners and those looking to get onto or move up the property ladder. We will continue to monitor the environment closely and respond responsibly, maintaining a cautious but supportive approach to help our customers navigate the market.”
