Skipton will cut selected rates across its two- and five-year fixed-rate residential ranges by up to 42 basis points from tomorrow (18 January).  

The building society, which owns the Connells Group estate agency, adds that it will bring back two- and five-year fixed-rate 85% LTV home loan products.  

Highlights from the mutual’s rate cuts, which are available from 9am, include:  

• A five-year fixed-rate 95% LTV offer, at 5.03%, with a £495 fee, available for purchase only  
• A two-year fixed-rate 60% LTV deal, at 4.75%, with a £995 fee and £250 cashback, available for purchase and remortgage  
• And a two-year fixed-rate 90% LTV loan, at 5.26%, with a £995 fee, available for purchase and remortgage  

Earlier this week, the firm said it would reduce rates across its government scheme mortgage products.  

The lender said it would cut rates on two- and five-year fixed-rates deals in the schemes by up to 0.36%.  

The new deals include a two-year Help to Buy fixed-rate offer at 60% LTV with a rate of 5.39% for purchase and remortgage; a five-year fixed-rate shared ownership deal to 95% LTV at 5.90%, also for purchase and remortgage; and a five-year fixed-rate loan under the First Homes scheme at 95% LTV with a rate of 5.28% for purchase only.