Skipton Building Society has announced today that it is reducing its 2 and 5 Year Fixed Rate residential mortgages with rates lowered by up to 0.38% – an average of 0.20% in rate reductions across the range.

Purchase products include 2 year fixes at 1.09% to 60% LTV, and 1.79% to 80% LTV, and a 5 year fix at 1.89%to 60% LTV. For those wishing to remortgage, products include a 5 year fix at 1.90%to 60% LTV.

All of the 2 and 5 year fixed rate remortgage products offer free valuation and free standard legal fees. And all purchase applications for the 2 and 5 year fixes come with free valuation. Full details of the range can be seen at skipton.co.uk/mortgages.

Kris Brewster, Skipton’s Head of Products, said: “In reducing our mortgage rates on this range, we’re really showing our support to help get the country moving and enable more people to progress on the housing ladder, whatever rung on it they may be.

Today’s news is great for borrowers, as our mortgage rates continue to fall and our range of products competitively sit in the national best buy tables. With rates reduced by up to 0.38%, there really are some great deals to be had for people looking to buy or remortgage, and some great choice to suit all needs. So whatever property their life ahead may take them to, there’s plenty of options to get the mortgage that’s just right for you.”