Skipton Building Society has reduced rates on certain residential and buy-to-let fixed rate products.

Residential rates have been cut by up to 0.25 basis points on selected two and three-year fixed rates.

Meanwhile, buy-to-let fixed rates have been reduced by 0.30 basis points.

Kris Brewster, Skipton’s head of products, said: “There has been some downward movement in swap rates over the past couple of weeks