Skipton Building Society is tomorrow (14 November) launching a new range of mortgage products, with rates reduced by up to 0.30 basis points on residential products and 0.50 basis points on buy-to-let products.

Deals will start from 2.69%.

Two-year residential fixes:

• Two-year fixed rate to 60% LTV at 2.69% (was 2.99%) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• Two-year fixed rate to 70% LTV at 2.88% (new product) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• Two-year fixed rate to 75% LTV at 3.18% (was 3.38%) – purchase only
  Application fee: £195, completion fee: £800;
• Two-year fixed rate to 75% LTV at 3.38% (was 3.58%) – remortgage only
  No application or completion fee;
• Two-year fixed rate to 80% LTV at 3.68% (was 3.88%) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• Two-year fixed rate to 85% LTV at 4.18% (was 4.38%) – purchase only
  Application fee: £195, completion fee: £800.

Criteria applicable to all of the above products:

• Fixed until 28 February, 2015;
• Early repayment charge: 3/2% of capital repaid and, after the product end date, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Three-year residential fixes:

• Three-year fixed rate to 60% LTV at 3.39% (new product) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• Three-year fixed rate to 75% LTV at 3.55% (was 3.65%) – purchase only
  Application fee: £195, completion fee: £800;
• Three-year fixed rate to 75% LTV at 3.75% (was 3.85%) – remortgage only
  No application or completion fee.

Criteria applicable to all of the above products:

• Fixed until 28 February, 2016;
• Early repayment charge: 4/3/2% of capital repaid and, after the product end date, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Five-year residential fixes:

• Five-year fixed rate to 60% LTV at 3.49% (new product) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• Five-year fixed rate to 75% LTV at 3.78% (was 3.88%) – purchase only
  Application fee: £195, completion fee: £800;
• Five-year fixed rate to 75% LTV at 3.98% (was 4.08%) – remortgage only
  No application or completion fee.

Criteria applicable to all of the above products:

• Fixed until 28 February, 2018;
• Early repayment charge: 5/5/4/3/3% of capital repaid and, after the product end date, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Seven-year residential fixes:

• Seven-year fixed rate to 60% LTV at 3.79% (new product) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• Seven-year fixed rate to 75% LTV at 4.09% (was 4.29%) – purchase and remortgage
  Application fee: £195, completion fee: £800.

Criteria applicable to all of the above products:

• Fixed until 28 February, 2020;
• Early repayment charge: 7/6/6/6/5/4/3% of capital repaid and, after the product end date, interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

10-year residential fixes:

• 10-year fixed rate to 60% LTV at 4.29% (new product) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• 10-year fixed rate to 75% LTV at 4.59% (was 4.79%) – purchase and remortgage
  Application fee: £195, completion fee: £800;
• 10-year fixed rate to 85% LTV at 4.79% (was 4.99%) – purchase and remortgage
  Application fee: £195, completion fee: £800.

Criteria applicable to all of the above products:

• Fixed until 28 February, 2023;
• Early repayment charge: 8/8/7/7/6/5/5/5/4/3% of capital repaid and, after the product end date,  interest to the end of the month;
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Buy-to-let products:

• Buy-to-let two-year fixed rate to 60% LTV at 3.48% (new product)
  Application fee: £245, completion fee: £750;
• Buy-to-let two-year fixed rate to 70% LTV at 3.88% (was 3.99%)
  Application fee: £245, completion fee: £750;
• Buy-to-let two-year fixed rate to 75% LTV at 4.18% (was 4.29%)
  Application fee: £245, completion fee: £1,250;
• Buy-to-let three-year fixed rate to 70% LTV at 4.19% (was 4.39%)
  Application fee: £245, completion fee: £750;
• Buy-to-let three-year fixed rate to 75% LTV at 4.49% (was 4.69%)
  Application fee: £245, completion fee: £1,250;
• Buy-to-let five-year fixed rate to 70% LTV at 4.49% (was 4.69%)
  Application fee: £245, completion fee: £750;
• Buy-to-let five-year fixed rate to 75% LTV at 4.79% (was 4.99%)
  Application fee: £245, completion fee: £1,250;
• Buy-to-let two-year tracker to 70% LTV at 3.84% (was 4.34%)
  Application fee: £245, completion fee: £750;
• Buy-to-let two-year tracker to 75% LTV at 4.14% (was 4.59%)
  Application fee: £245, completion fee: £1,250.

Criteria applicable to all of the above products:

• Fixed until 28 February 2015 (two-year fixes), 28 February 2016 (three-year fixes), 28 February 2018 (five-year fixes) and until two years from completion (trackers);
• Early repayment charge: 3/2% of capital repaid and, after the product end date, interest to the end of the month (two-year fixes); 4/3/2% (three-year fixes); 5/5/4/3/3 (five-year fixes) and 1% for two years (trackers);
• Overpayments of up to 10% per annum allowed without charge;
• Free standard legals and valuations available on all remortgage products.

Kris Brewster, the Skipton’s head of products, said: “To an extent, the reductions we’ve made to some rates reflect the current market trend – fuelled by factors including the introduction of the Government’s new Funding for Lending scheme.

“However, we’re also signalling our continued commitment to enabling homeownership, in line with our original mutual ethos, throughout the rest of this year and beyond.

“We’ve continued to punch above our weight in lending throughout 2012, after a significant increase in 2011. We intend to continue this positive trend into 2013, playing our part in returning the ailing mortgage market to health.”