The Skipton Building Society has cut rates on a number of its fixed rate mortgages by up to 0.4%.

Rates have been reduced by between 0.10% and 0.40%, while the range continues to offer the flexibility and choice of different fee structures and product terms

For example, Three-year fixed rates are now priced at 3.95% (to 60% LTV) : interest rate 3.95% (was 4.09%) 4.09% (to 75% LTV) and 5.59% (to 90% LTV). They all have an application fee of £195 and a completion fee of £800

Five-year fixed rate mortgages are priced from 4.59% at 75% LTV to 5.89% at 90% LTV. Application and completion fees are the same as above

There is a ‘low fee’ five-year option, priced at 6.09% at 90% LTV, with a application fee of £195 and no completion fee

Kris Brewster, Skipton’s head of products, said: “This is the second time we’ve reviewed and reduced our fixed rate mortgage rates in recent weeks