Rates now start from 4.04%.

Residential fixed rates now start from 3.94%.

Saffron’s owner occupied rates now start at 4.17%.

The Society has also lowered rates on the Own New Rate Reducer range.

The lender has reduced rates across its limited edition buy-to-let products, which now start from 3.67%.

Made for brokers, the new calculator compares Perenna against SVR based products.

The lender is offering a 20bps reduction across its buy-to-let range.

The new products aim to bridge the gap between Skipton’s 75% and 85% range.

Santander is the first Big Six lender to reintroduce a sub-4% two-year fixed rate this year.

Rates have reduced by up to 0.20%.