Related topic: Skipton BS

The Society is also introducing a three-year fixed rate residential product at 95% LTV for existing customers.

Overall, rates have fallen by an average of 0.11% with the largest cut being 0.22%.

The Society has reduced residential rates at 90%, 95% and 100% LTV.

The new proposition pledges a "refreshed, broker-first approach" across the Society. 

Rates across the lender's ranges have reduced by up to 0.27%.

The product is now also available on Skipton’s 100% Track Record Mortgage and shared ownership options.

The Society says it wants to make homeownership more achievable for those prioritising modern, energy-efficient homes.

The Society's 100% LTV Track Record is at its lowest rate since launch.

Skipton is lowering the minimum income threshold from £50,000 to £40,000 for borrowers seeking an LTI above 4.49x.

The Society has cut rates across its entire residential range.