Related topic: Mortgage rates

The Society has reintroduced a range of residential and buy-to-let fixed rates following their temporary withdrawal due to swap rate volatility.

A second round of mortgage rate increases has been made by major banks for the second time since the start of September.

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage.

The Society has also reduced rates across its ranges.

A 0.25% rise on a typical two-year fixed rate mortgage would add around £38 to monthly mortgage repayments.

The specialist lender has also launched a limited edition remortgage range with no application fees and free valuations.

The lender has reduced rates by up to 0.25% across selected purchase, remortgage and product transfer options.

Fixed rate pricing now starts from 3.40%.

The effective interest rate paid on new mortgages jumped again to 4.45%.

The latest reductions cover the bank's first-time buyer, home mover and remortgage ranges.