The Skipton Building Society has launched a new range of two and five-year fixed rate residential mortgages, with rates reduced by up to 0.17 percentage points.

Free valuations are offered on all purchase and remortgage two and five-year fixed deals.

Purchase products include a fee free two-year fix at 2.88% to 90% LTV and a fee free five-year fix at 3.04% to 85% LTV.

For those wishing to remortgage, products include a two-year fix at 1.55% to 60% LTV with £995 fee, and five-year fixes at 2.25% to 60% LTV and 3.32% to 90% LTV with fees of £1,995 and £995, respectively.

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

Kris Brewster (pictured), Skipton’s head of products, said: “By lowering rates across most of our two and five-year fixed rate residential mortgages we are offering even better value to new buyers and those wishing to remortgage. We continue to offer fee and rate options to suit a number of different borrower requirements.

“Our mortgage products continue to have an emphasis on offering wide choice and good value, along with our commitment to doing everything to help borrowers.”