Skipton Building Society is cutting rates across its government scheme mortgage products.

The lender, owner of Connells Group, is cutting rates on two- and five-year fixes in the schemes by up to 0.36%.

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

The building society’s new build and government scheme products have been extended to August 2028, on repriced products only.

Skipton head of mortgage products Charlotte Harrison says: “I’m pleased we are starting off the new year by reducing rates on some already great government schemes designed to give a helping hand to those looking to purchase a home.”

Before Christmas, Skipton cut rates on its residential and buy-to-let mortgages.