West Brom BS launches low-deposit options and cuts rates
The mutual has launched a range of mortgage products designed to support first-time buyers, homemovers and remortgage customers.
West Brom Building Society has launched a new low-deposit mortgage, introducing a 95% loan-to-value (LTV) purchase product priced at 5.72% with no product fee. The mutual said the mortgage is its most competitive offering for borrowers with smaller deposits.
It has also reduced rates on two discount variable mortgages. Its two-year discount variable purchase mortgage at 90% LTV is now priced at 4.4% with a £1,499 fee. Meanwhile, its two-year discount variable remortgage at 90% LTV is available at 4.6% with a £1,499 fee and £500 cashback.
West Brom Building Society has also cut rates across its remortgage range, including its two-year fixed rate remortgage at 80% LTV, which is now available at 5.63% and includes £500 cashback.
John Phillips, senior product manager at West Brom Building Society, said: “Customers’ needs can vary significantly depending on where they are in their homeownership journey, which is why we’re focused on offering a range of competitive products that support different borrowing requirements.
“Whether it’s helping first-time buyers and homemovers take their next step with a smaller deposit, providing flexibility through our Discount Variable mortgages, or supporting customers looking to remortgage, we’re committed to putting customers first and delivering good value through competitive rates.
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“Our latest changes strengthen choice across the range and ensure customers can find a solution that works for their individual circumstances.”
