West Brom Building Society has announced rate reductions of up to 0.23% across several of its mortgage ranges, as well as the introduction of new products.
In its core purchase range, the Society has reduced a two-year fixed rate at 80% LTV by 0.07%, now available at 4.46% with no fee. It’s also introduced four new products at 85% LTV, across both purchase and remortgage two-year fixed options.
A two-year fixed remortgage rate is available at 4.48% with a £999 fee up to 85% LTV and a two-year fixed rate purchase product at 80% LTV has reduced to 4.23% with a £999 fee.
In the shared ownership range, fee and no fee rates have reduced by up to 0.13% on two-year fixed products at 90% LTV. A new five-year fixed rate with a £999 fee at 90% LTV has been added to provide longer-term certainty for borrowers.
In the new build range, two-year fixed rates have been reduced by up to 0.23%, available up to 95% LTV.
Aran Mann, product manager at West Brom Building Society, said: “We’re always looking at how we can make our products work harder for brokers and their clients, particularly in today’s environment where affordability pressures remain front of mind. These latest changes reflect our ongoing commitment to supporting borrowers, including those with lower deposits, offering them greater value and flexibility across a wider set of needs.
"The support and insight we receive from intermediaries continues to play a vital role in shaping our product range. We’ll keep working closely with our broker partners to ensure they have access to competitive and relevant products, backed by the service and clarity they need to guide their clients confidently.”
