Skipton Building Society has announced changes to its residential mortgage range, including rate reductions and the reintroduction of selected products, effective from 13th April.
The lender has reduced rates across its 2- and 5-year fixed products, with average reductions of 0.13% and a maximum cut of 0.21%.
As part of the update, Skipton has reintroduced mid-fee options across its 2- and 5-year fixed ranges and relaunched its 3-year fixed residential products.
The changes follow recent movement in swap rates, with the lender updating pricing to reflect market conditions while maintaining a cautious outlook.
Jen Lloyd, head of mortgage products and propositions at Skipton Building Society, said: “Falling rates are clearly a positive development for many homeowners and prospective buyers.
“Recent easing in swap rates has allowed us to reflect that in our mortgage pricing, and we’re pleased to be able pass on these reductions today.
“However, a degree of cautious optimism is still needed. Market conditions remain highly volatile and it’s too early to say whether this marks a sustained shift given ongoing global uncertainties, but we’ll continue to monitor developments closely and respond where we can.”