West Brom Building Society has announced a series of rate reductions across its two and three-year fixed mortgage ranges, with cuts of up to 0.33%.
The new rates are designed to offer better value to both new buyers and existing homeowners looking to move their mortgage to West Brom from another provider.
In the two-year range, the Society has reduced rates at 80% LTV. The £999 fee-paying remortgage product is now available at 4.25%, while the equivalent purchase option has reduced to 4.10%. The no-fee purchase alternative has also been cut, now standing at 4.30%.
Two interest-only products have also been added to the two-year range at 60% LTV with a £999 fee, for purchase at 4.10% and remortgage at 4.25%.
Changes have also been made to the three-year range. New 80% LTV options for both purchase and remortgage are being introduced, with pricing from 4.30% and 4.36% respectively.
In addition, a two-year 90% LTV fee product has reduced to 4.29% and the three-year option is now priced at 4.40%. Additionally, a new 95% LTV £999 fee product has also been added to the three-year range, priced at 4.83%.
Aran Mann, product manager at West Brom Building Society, commented: “These latest changes reflect our commitment to staying competitive and listening to what the market and our broker partners are telling us. We know customers are still navigating uncertainty, so we’re focused on delivering strong options across the board, whether it’s a first-time buyer looking for stability or a homeowner seeking a better deal. Our goal is to support them with rates that meet their needs in the moments that matter.”
