Skipton Building Society has lowered rates by up to 0.32% taking effect today.

Examples of cuts include a two-year fixed remortgage rate at 90% loan to value with a £495 fee, which has fallen to 5.06%; the two-year fixed rate for remortgage at 85% LTV with no fee is now priced at 5.02%. The lender’s two-year fixed purchase rate with no fee comes to 5.35% and its first-time buyer-only two-year fixed rate at 95% LTV with £1,000 cashback is 5.68%.

The additions include a full selection of fixed rate mortgage across 60% to 90% LTV with both fee-free and fee-paying options available on two- and five-year terms.

Examples of the products include its fee-free two-year fixed rate at 75% LTV with £250 cashback, which has a rate of 4.82%, and its two-year fixed rate with a £495 fee, £250 cashback and an interest rate of 4.89%.

However, the society has also increased rates by up to 0.13% on seven of its five-year fixed purchase 95% loan-to-value products.

Skipton’s head of mortgage products, Jen Lloyd, says: “I’m pleased to announce these latest changes to our mortgage range. With rate reductions across 124 products and the introduction of new cashback options, we hope to give borrowers more choice when it comes to finding a deal that is right for them, whether a first-time buyer, moving home, or remortgaging.”