The Skipton Building Society has unveiled a new low rate residential fixed rate mortgage.

The mutual new residential mortgage is offering a five-year fix at 1.64% to 60% LTV with no fees, available for purchase and remortgage.

Alex Beavis, the Skipton’s head of mortgages, said: “Skipton has been helping people to secure their own homes since 1853 and continues to bring a variety of mortgage options for its brokers and customers to suit their needs.

“As we enter a new year, it is important to Skipton that we continue to review our offerings and provide all customers, new and existing, the opportunity to ensure their money and mortgages are in a good place, bringing peace of mind to customers.”

The new range is available through the Society’s Skipton Direct customer service team, branches and all intermediaries.