The Skipton Building Society has reduced rates by up to 0.49 percentage points across its buy-to-let range and also cut rates on a number of five-year core residential fixed products.

The buy-to-let purchase range now includes a two-year fixed rate at 1.78% to 75% LTV with £995 fee and a fee free five-year fix at 2.50 to 60%.

For those looking to remortgage, the two-year fixed range includes a fee free 2.63% to 75% LTV, the three-year range includes a 2.02% to 60% LTV with £995 fee, and the five-year range includes a fee free 2.45% to 60% LTV.

The Skipton is also launching a range of remortgages offering £350 or £500 cashback dependant on length of fix. These fee free products include a two-year fix at 2.59% to 70% LTV and a five-year fix at 2.69% to 60% LTV.

All buy-to-let products offer free valuations, with certain remortgage products also offering standard legal fees.

The mutual is also reducing rates by up to 0.24% on a range of five-year residential products, including a fee free 2.65% to 90% for purchases, and 2.19% to 85% LTV with £995 fee for those wishing to remortgage.

Kris Brewster, the Skipton’s head of products, said: “We are delighted to launch this refreshed fixed rate buy-to-let mortgage range offering lower interest rates. Skipton’s buy-to-let deals continue to prove popular and we believe this new range offers great value for purchasers of buy to let property and for those wishing to remortgage their portfolio.

“Skipton’s five-year residential fixed range remains a popular choice for both new and existing customers seeking peace of mind knowing that their mortgage payments are fixed for the longer term.”