The Society has also announced stress rate reductions on all two-year fixed residential products.

The lender has launched a £400 cashback incentive across its entire residential product range.

Landlord borrowers can now earn £2,000 cashback by utilising two incentives from Fleet.

The tiered range of five-year fixed-rate mortgages has rates from 5.19%.

The product features £750 cashback, paid directly to customers on completion.

Skipton’s new range sees the introduction of 0.75% and 1.50% cashback on five-year fixed rate mortgage products.

Borrowers can now access cashback options of either £5,000, £7,000 or £10,000.

The Society has launched two new five-year fixed rate products for first-time buyers and home movers.

The new range is available across standard properties, HMOs and multi-units up to six occupants/units.

The range offers cashback for borrowers to make their home more energy efficient.