The maximum loan for an 80% LTV mortgage has increased to £750,000 while there is no change on loans up to 90% LTV.
The new limits apply to selected two-year fixed rate mortgages with the same changes coming into effect on its five year products next week.
Richard Scott, national account manager for the West Brom for Intermediaries, said: “We regularly review our lending criteria as well as our mortgage rates and will always look for ways to make improvements, particularly if it’s something our customers and lending partners are calling for.
“Offering higher loan sizes will increase the opportunities for our intermediaries to access our products for new purchasers or to support existing borrowers who want to remortgage.”
Yesterday, it was reported that the West Brom launched a 10-year fixed rate mortgage as well as cutting its rates on five-year deals by up to 0.3%. The 10-year fix is available at a maximum LTV of 75% and comes with a £199 booking fee.
