Skipton Building Society has announced a series of rate reductions across its entire fixed rate mortgage range, alongside the recent expansion of its Delayed Start Mortgage proposition.

From Friday 25 September, rates across Skipton’s fixed-rate mortgage range for new and existing customers will reduce by an average of 0.15%.

The changes follow the launch earlier this week of Skipton’s enhanced Delayed Start Mortgage, which now allows a wider range of home movers to delay their first mortgage repayment by up to three months after completing on a property.

Previously available only to first-time buyers, the proposition has been extended to support more customers taking their next step on the housing ladder.

In addition, Skipton has introduced new three-year fixed-rate products to its LTI Booster range at 90% LTV.

Key product highlights include: a two-year fixed, 95% LTV, £0 fee: 5.72% (previously 5.84%); and a five-year fixed, 95% LTV, £995 fee: 5.49% (previously 5.76%)

Commenting on the product offerings, Skipton Building Society head of mortgage products and propositions Jen Lloyd said:

“While improved market conditions have created opportunities to lower pricing, the economic outlook remains uncertain. It’s important that lenders continue to balance supporting customers today with lending responsibly for the long term.”

She added: “We know affordability remains a challenge for many borrowers, which is why we’re focused not only on pricing, but also on providing greater flexibility. Our expanded Delayed Start Mortgage now gives more home movers up to three months before making their first mortgage payment, helping ease some of the financial pressure that can come with moving home.”