The Skipton Building Society has made rate reductions of up to 0.84 percentage points on its new build products.

Its new build two-year fixed rate purchase range now offers a fee free 2.75% to 90% LTV and 2.35% to 90% LTV (£995 completion fee),  while the five-year fixed rate purchase range offers a fee free 3.15% to 90% LTV and 2.95% to 90% LTV (£995 completion free).

Skipton’s new build proposition includes free upfront valuations.

The lender has also revised rates on its 90% LTV core range products. Two-year fixed rate purchase product rates include 2.13% with £995 completion fee and fee free 2.56%, both with free upfront valuations, while Two-year fixed rate remortgage rates include 2.09% with £995 completion free and fee free 2.59%, both with free upfront valuations and standard legal fees.

Kris Brewster, the Skipton’s head of products, said: “We are delighted to offer lower rates on our new build range, which offers great value for those wishing to purchase their new home.”

“We believe our new build residential products offer very attractive rates and will help first time buyers and those looking to move up the housing ladder to realise their dream of moving into a new property. All new build applications to Skipton are given a priority underwrite within its specialist underwriting team.”