At 90% loan to value (LTV), its two-year fixed purchase mortgage with no fee has been lowered to 4.77%, reduced from 4.95%.
The society’s two-year fixed mortgage at 90% LTV with a £999 fee has been reduced to 4.64%, down from 4.73%.
At 95% LTV, the West Brom has reduced its two-year fixed purchase product with no fee to 5.15%, down from 5.25%.
West Brom Building Society said these cuts enhance support for customers with smaller deposits, including first-time buyers and homemovers. The changes apply across all two-year purchase products.
John Philips, senior product manager at West Brom Building Society, said: “We’ve made improvements across our entire two-year purchase range, with particularly strong options available for customers purchasing with smaller deposits.
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“First-time buyers continue to be an important area of focus for us, and these changes provide brokers with even more competitive solutions at both 90% and 95% LTV. By offering a mix of fee and no-fee options, we’re giving brokers greater flexibility to recommend products that best suit their clients’ needs.”
Earlier this month, the mutual added to its residential mortgage range.
