Related topic: Mortgage rates

The report and accompanying guide explain swap rates and why they matter more than Bank Rate when it comes to the pricing of fixed rate mortgages.

High-LTV products have seen the largest reductions.

The changes apply across two and five-year fixed terms for both homebuyers and landlords.

There are reduced options for both new and existing customers.

The Society's shared ownership mortgage rates have reduced by up to 0.65%.

Despite the average five-year fix being lower than the average two-year fix, demand continued to shift towards shorter-term deals.

The specialist lender says its dual-rate structure gives brokers more choice on affordability.

Rates have reduced across the Society's residential, specialist residential, shared ownership, buy-to-let and holiday let ranges.

Rate cuts span the lender's buy-to-let, let-to-buy, HMO and limited company buy-to-let ranges.

Products across a wide range of LTV and product terms have been reduced by up to 45bps.