The changes, which come into effect on 19 July, include a new residential 2-year fix 90% loan-to-value (LTV) product with £0 fee and a new residential 2-year fix 95% LTV product with £495 fee.

For purchase and remortgage, a fee free 2-year fix at 3.25% to 90% LTV has been added.

For purchase only, a fee free 2-year fix has been cut to 3.72% to 95% LTV with £500 cashback (previous rate 3.83%) and 2-year fix at 3.45% to 95% LTV with a £495 fee has been introduced.

For remortgages, a 2-year fix has been cut to 1.02% to 60% LTV with £995 fee (previous rate 1.09%) and for BTL purchase and remortgage, a 2-year fix at 1.52% to 60% LTV with £995 fee (previous rate 1.61%).

Skipton’s core range of products are also available to new build applications up to 90% LTV.

Charlotte Harrison, head of mortgage products at Skipton, said: “We’re delighted to be able to offer lower rates on a number of residential and buy-to-let mortgages across our range to not only support those customers looking to fulfil their home-buying aspirations but also those looking to remortgage and benefit from a new competitive deal.”