Skipton Building Society will cut 99 rates for new and existing borrowers across its fixed-rate mortgages by up to 66 basis points from tomorrow (11 January). 

The mutual says new business loans will fall by up to 49bps, products for existing customers will come down by up to 66bps, while its track record mortgage will be reduced by 13bps to 5.52%. 

Other highlights include: 

• Five-year fixes at 90% loan to value, fall by 15bps to 4.99% 
• Two-year shared ownership fixes at 90% LTV fall by 49bps to 5.79% 

Skipton head of mortgage products and propositions Jennifer Lloyd says: “It has been great to see mortgage rates being reduced across the market over the past few weeks and hopefully this is a sign of things to come throughout 2024. 

“We keep all our products under constant review to make sure we’re offering the best deals for all customers especially those looking to take their first step onto the ladder, so it is great to be able to start off the new year with this reduction.”