West Brom Building Society has introduced rate reductions of up to 0.18% across its 90% loan-to-value (LTV) remortgage range, offering improved value to borrowers with a lower level of equity in their homes.
Within the society’s 2-year fixed product range, the rate on the £999 fee option has been reduced by 0.12% to 4.69%, while the fee-free option sees a reduction of 0.18% to 4.99%.
For borrowers looking for longer-term certainty, 5-year fixed rates have also been reduced.
Both the £999 fee and no-fee options have been cut by 0.11%, now priced at 4.94% and 5.06%, respectively.
Aran Mann, product manager at the West Brom Building Society, said: “We’re pleased to be reducing rates across our 90% LTV fixed remortgage range, supporting more recent homebuyers with a smaller level of equity in their homes, at a time when affordability remains a key concern.
“These changes underline our continued commitment to offering competitive products at higher LTVs.
“We also value feedback from our brokers who play a key part in helping us shape our products.
“We’ll continue to develop our offering to help give customers the best possible choice, whether that’s helping first-time buyers into homeownership, assisting those looking to move onto their next property or support to buy a new build.”
