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Skipton slashes fixed ratesSkipton Building Society is reducing rates across a string of two-year and three-year residential fixes from today.

It is cutting rates on all its three-year fixes by between 0.07% and 0.30%, and across selected two-year fixed rates by up to 0.25%.

The society is also introducing new two and five-year fixes with no fees, as part of its residential fixed-rate mortgage range.

House purchases highlights:

Two-year fix rate at 2.30% to 85% LTV with a £995 fee.

Three-year fixed rate at 3.99% to 90% LTV with no fee.

Five-year rate at 4.39% to 90% LTV with no fee.

Remortgage highlights:

Range includes a two-year fixed rate at 1.99% to 60% LTV, no fee.

Three-year fixed rate at 2.38% to 60% LTV, no fee.

Head of products Kris Brewster said: "These latest reductions in our fixed rates come as Skipton continues to add value to its mortgage range.

"In the past few months we have removed all upfront application fees, seen large reductions on our rates, and increased brokers' residential procuration fees to 0.40%.

"We are also delighted that Skipton Intermediaries have been ranked third by brokers in the latest Mortgage Strategy quarterly survey and we believe that this is a great indication that our Real Life Lending proposition is resonating with our broker partners.

"Skipton's clear message is that we want to offer new and existing customers the most competitive rates and the best levels of service to enable them to complete their purchase or remortgage in the quickest possible timescale."

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