Interest rates are being lowered across the range, available for purchases and remortgages, with fee-free options on purchase products including a three-year fix at 3.32% to 85% loan-to-value (LTV) and a five-year fix at 3.76% to 85% LTV.

For those who pay a £195 application fee and an £1800 completion fee the rates are 3.02% and 3.44%, respectively.

Fee-free options on remortgages include a three-year fix at 2.52% to 60% LTV and a five-year fix at 2.87% to 60% LTV.

Kris Brewster (pictured), the society’s head of products, said: “By reducing the rates on our three and five-year fixed products and also offering a variety of fee options, Skipton is continuing to provide products which suit a number of different borrower requirements.”

All of the above products attract early repayment charges of 4/3/2% until 31/01/18 (three-year fixes) and 5/5/5/4/3% until 31/03/20 (five-year fixes), of capital repaid then interest to the end of the month. Overpayments of up to 10% per annum are allowed without penalty. There are free standard legals and valuations offered for remortgages.