Skipton Building Society has announced a series of rate reductions on select products.

Notable cuts include the 80 per cent LTV five-year fix reduced from 2.10 per cent to 1.99 per cent, and the 60 per cent LTV seven-year fix from 2.19 per cent to 2.12 per cent.

Both the two products listed above do not include fees and are available for purchase or remortgage.

The lender has also increased the 60 per cent two-year fix from 1.29 per cent to 1.32 per cent. This deal has a £995 fee and is also for purchase or remortgage.

Skipton Building Society head of mortgages Alex Beavis says: “Skipton Building Society has been helping people to secure their own homes since 1853 and continues to bring a variety of mortgage options for customers to suit their needs.

“In today’s ever-changing market, it is important to Skipton Building Society that we provide all customers, new and existing, the opportunity to ensure their money and mortgages are in a good place, bringing peace of mind to customers.”