Skipton Building Society is reducing rates across its mortgage product range at 9am on Tuesday 9 July.

The rate reductions will take place across its fixed rate purchase and remortgage residential product ranges.

Changes include rate reductions to 60% & 75% LTV fixed residential purchase and remortgage products.

The larger reduction is to its two-year fixed purchase 60% LTV no fee mortgage. It will be priced at 4.99% reducing by 0.33 percentage points from 5.32%.

Skipton claims its “most competitive” rate will be its five-year fixed remortgage 75% LTV deal with £1295 fee at now 4.59%, down by 0.12 percentage points from 4.71%.