West Brom Building Society has cut mortgage rates by up to 0.26% across its 2-year core and New Build ranges.
The changes take effect from today, 13th May and are aimed at supporting first-time buyers (FTBs) and home movers in the low deposit market.
The 2-year fixed-rate 90% loan-to-value (LTV) purchase mortgage with a £999 fee for FTBs and home movers has been reduced by 0.22% to 5.08%.
The 2-year fixed-rate 95% LTV purchase mortgage with no fee for FTBs and home movers has dropped by 0.26% to 5.58%.
The 2-year fixed-rate 90% LTV New Build purchase mortgage with a £999 fee has been reduced by 0.23% to 5.58%.
John Phillips, product manager at West Brom Building Society, said: “Our focus is always on putting customers first, and these latest rate reductions are designed to provide even greater value for borrowers navigating today’s housing market.
“We know affordability continues to be a key consideration, particularly for first-time buyers and home movers with smaller deposits, so it’s important that we continue to offer competitive options that support a wide range of needs.
“By reducing rates across both our Core and New Build ranges, we’re helping customers and brokers access products that offer strong value and greater confidence when making longer-term financial decisions.”