Skipton Building Society is reducing rates once again across its mortgage product range.

The rate reductions will take place across its residential existing and new customer range, as well as reductions across buy-to-let and government scheme products, at 9am on 31 January.

A total of 44 rates will be reduced, including:

• Rate reductions across fixed new business range of up to 0.46%
• Re-introduction of residential two-year 90% LTV base rate tracker for new business
• Two new existing customer only residential products (two-year 90% £0/495 fee)
• Two new existing customers only buy-to-let products (two/five-year 60% £995 fee)
• Rate reductions across buy-to-let and government scheme ranges for new business and existing customers

The largest rate reduction will apply to the five-year fixed rate buy-to-let 75% LTV product with a £2995 fee, reducing from 4.95% down to 4.49%.

New existing customer products:

• 2 Year 90% £0 Fee – 5.29%
• 2 Year 90% £495 Fee – 5.19%
• 2 Year 60% buy-to-let £995 Fee– 4.79%
• 5 Year 60% buy-to-let £995 Fee– 4.31%