Skipton Building Society has cut rates on a selection of its residential two, three and five-year fixed rates at 60% and 75% LTV.

Details are as follows:

Two-year fixed rate to 60% LTV

• Interest rate: 2.99% (was 3.18%);
• Application fee: £195;
• Completion fee: £800;
• Fixed until 30/11/14;
• Early Repayment Charge (ERC): 3/2% of capital repaid plus interest to the end of the month;
• Available for purchases and remortgages.

Two-year fixed rate to 75% LTV

• Interest rate: 3.38% (was 3.58%);
• Application fee: £195;
• Completion fee: £800;

• Fixed until 30/11/14;
• ERC: 3/2% of capital repaid plus interest to the end of the month;
• Available for house purchases only.

Two-year fixed rate to 75% LTV (fee free)

• Interest rate: 3.58% (was 3.68%);
• Application fee: £0;
• Completion fee: £0;

• Fixed until 30/11/14;
• ERC: 3/2% of capital repaid plus interest to the end of the month;
• Available for remortgages only.

Three-year fixed rate to 75% LTV

• Interest rate: 3.65% (was 3.75%);
• Application fee: £195;
• Completion fee: £800;

• Fixed until 30/11/15;
• ERC: 4/3/2% of capital repaid plus interest to the end of the month;
• Available for house purchases only.

Five-year fixed rate to 75% LTV

• Interest rate: 3.88% (was 3.98%);
• Application fee: £195;
• Completion fee: £800;

• Fixed until 30/11/17;
• ERC: 5/5/5/4/3% of capital repaid plus interest to the end of the month;
• Available for house purchases only.

 Five-year fixed rate to 75% LTV (fee free)

• Interest rate: 4.08% (was 4.18%);
• Application fee: £0;
• Completion fee: £0;

• Fixed until 30/11/17;
• ERC: 5/5/5/4/3% of capital repaid plus interest to the end of the month;
• Available for remortgages only.

Criteria applicable to all of the above products

• Overpayments of up to 10% per annum allowed without penalty during product term;
• Revert to Bank Base Rate plus 4.45%, currently 4.95%;
• Free legals and valuations available on remortgages.

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

Kris Brewster, Skipton’s head of products, said: “We’re constantly monitoring the marketplace and adjusting our products and interest rates to ensure they remain among the most attractive available, in line with our mutual goal of enabling homeownership wherever possible.”