New fixed rates from the Skipton

Skipton Building Society is launching a new range of three and five-year fixed rate mortgages tomorrow (19 January).

Rates on the new range are reduced by up to 0.40 percentage points.

The replacement three and five year products also include low fee options, for people who prefer to play a higher fee in return for less upfront cost.

The new range is available through the Society’s Skipton Direct customer service centre, branches and all intermediaries.

Kris Brewster, head of products, said: “We spotted an opportunity to pass on recent downward movement in market swap rates to our customers.