The products are available on five-year fixed rate terms priced at 4.96% at 90% loan to value (LTV) and 5.09% at 95% LTV.
West Brom Building Society has also reduced rates on mortgages for first-time buyers and homemovers across two-, three- and five-year fixed rates. This includes a two-year rate at 95% LTV, which has been cut by 0.18% to 4.62%.
John Phillips, product manager at West Brom Building Society, said: “We understand that our customers’ needs are always evolving.
“People must face a number of upfront costs when buying a home, so the launch of our £2,000 cashback products helps borrowers deal with the burden. These changes represent our commitment to helping people into homeownership.”
The mutual is the latest lender to lower rates this week, following Halifax, Gen H and Barclays.
Aldermore Insights with Jon Cooper: Edition 5 – Feeling enthusiastic about next year’s run-of-the-mill market
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