Skipton Building Society is now offering a two-year base rate tracker, available up to 50% LTV.

It comes with an application fee of £195 and a completion fee of £800.

The product has an early repayment charge (ERC) of 3% of capital repaid plus interest to the end of the month, for two years.

Free legals and valuations are available for remortgages and overpayments of up to 10% per annum are allowed without penalty.

Kris Brewster, the Skipton’s head of products, said: “This product is designed to appeal to people who’ve built up a substantial deposit or equity and complements the products we have available for other types of borrowers – including would be landlords and people with only a 5% deposit to put down.