Skipton Building Society has made cuts of up to 0.40 percentage points to the rates on a number of its residential and buy-to-let mortgages.

Key product details are as follows:

Residential two-year fixes

• Two-year fixed rate to 75% LTV (remortgage only)
  Interest rate: 3.68% (was 3.78%).
• Two-year fixed rate to 85% LTV (remortgage only)
  Interest rate: 4.38% (was 4.48%).

Criteria applicable to both of the above two-year fixes
Fixed until 30/09/14;
Early Repayment Charge (ERC): 3% of capital repaid plus interest to the end of the month;
Application Fee: £0, Completion Fee: £0.

Residential three-year fixes

• Three-year fixed rate to 75% LTV (remortgage only)
  Interest rate: 3.85% (was 3.95%);
  Application Fee: £0, Completion Fee: £0.

• Three-year fixed rate to 90% LTV
  Interest rate: 5.49% (was 5.89%);
  Application Fee: £195, Completion Fee: £800.

Criteria applicable to both of the above three-year fixes
Fixed until 30/09/15;
ERC: 3% of capital repaid plus interest to the end of the month.

Residential five-year fix

• Five-year fixed rate to 90% LTV
  Interest rate: 5.59%;
  Application Fee: £195, Completion Fee: £800;
  ERC: 5/4/3/2/1% of capital repaid plus interest to the end of the month.

Buy-to-let two-year fixes

• Buy-to-let two-year fixed rate to 65% LTV (replaces previous product to 60% LTV)
  Interest rate: 3.69%;
  Application Fee: £245, Completion Fee: £2,250.

• Buy-to-let two-year fixed rate to 70% LTV
  Interest rate: 4.29% (was 4.49%);
  Application Fee: £245, Completion Fee: £750.

• Buy-to-let two-year fixed rate to 75% LTV
  Interest rate: 4.49% (was 4.79%);
  Application Fee: £245, Completion Fee: £1,250.

Criteria applicable to all of the above buy-to-let fixes
Fixed until 30/09/14;
Early Repayment Charge (ERC): 3% of capital repaid plus interest to the end of the month.

Criteria applying to all of the above mortgage products
Revert to: Bank of England Base Rate (BBR) plus 4.45% (currently 4.95%);
Overpayments of up to 10% per annum allowed without penalty;
Free legals and valuations available for remortgages.

Buy-to-let five-year fixes to 70% and 75% LTV have been withdrawn until further notice.

These new products are available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.

“Once again, we’ve listened to feedback from our customers, and have made further tweaks to our range which we hope will ensure it serves their needs even better,” said Kris Brewster, Skipton’s head of products.

“What we have now is a competitive range of options to suit differing circumstances, from people who prefer to pay no upfront fees and have a slightly higher rate to the opposite end of that spectrum – as well as higher LTVs to help first time buyers and people struggling because their equity has reduced as a result of the current housing market stasis.”