Skipton Building Society has announced significant rate reductions across its fixed mortgage range, effective from Monday 7 April.

A total of 124 products will see rates cut by up to 0.32%, including some of Skipton’s most competitive remortgage and purchase options.

Among the most notable reductions is the two-year fixed remortgage at 90% LTV, which now carries a rate of 5.06%, down by 0.29%. The lender’s popular two-year fixed remortgage at 85% LTV, with no product fee, now stands at 5.02%.

Alongside the reductions, Skipton is introducing a suite of new products designed specifically for existing customers, including residential cashback deals. These include options with £250 cashback on both two-year and five-year fixed rate products, available across LTVs from 60% to 90%.

Two of the new additions include a two-year fixed rate at 75% LTV with no product fee and £250 cashback, priced at 4.82%, and a two-year fixed rate at 85% LTV with a £495 fee and the same cashback amount, offered at 4.89%.

While the majority of changes are reductions, Skipton has increased rates on seven of its five-year fixed purchase products at 95% LTV by up to 0.13%.

Jen Lloyd, head of mortgage products at Skipton Building Society, said: “I’m pleased to announce these latest changes to our mortgage range. With rate reductions across 124 products and the introduction of new cashback options, we hope to give borrowers more choice when it comes to finding a deal that is right for them, whether a first-time buyer, moving home, or remortgaging.”