The mutual’s 3-year fixed rate mortgage available at up to 85% loan to value has been cut by 0.40% from 4.29% to 3.99%.
Its 5-year fixed rate has also been cut by 0.40% from 4.48% down to 4.08%.
The range will be available through the mutual’s direct customer service centre, branches and all intermediaries.
Kris Brewster, head of products at Skipton, said: “We spotted an opportunity to pass on recent downward movement in market swap rates to our customers.
“We’re also recognising that, in the continued difficult market conditions, some people are leaning towards the certainty of knowing what their payments are going to be over a longer period of time. We hope these new lower three and five year deals will help to cater for that need.”
