West Brom Building Society has cut rates by up to 0.28% across its Shared Ownership and new build mortgage products, with changes effective today, 16th July.
Shared Ownership rates are down by as much as 0.25%.
The 3-year fixed rate at 95% loan-to-value (LTV) on the borrower share has dropped from 5.40% to 5.15%.
At 90% LTV borrower share, the fee-free product has gone from 4.86% to 4.69%.
The fee-paying option is now 4.36%, down from 4.50%.
The New Build range has also seen reductions, with the 2-year fixed rate at 90% LTV with a fee now at 4.41%, down from 4.69%.
The 95% LTV equivalent has fallen from 5.05% to 4.94%, with a £999 fee.
The 3-year fixed rate at 95% LTV with a £499 fee has dropped from 5.12% to 4.95%.
Aran Mann, product manager at West Brom Building Society, said: “We’re pleased to be making positive changes to our Shared Ownership and New Build mortgage ranges at a time when many customers are looking for extra support.
“These latest reductions reflect our ongoing commitment to providing great value and competitive options in key segments of the housing market.”
“We’ve been listening carefully to feedback from our intermediary partners and customers and have responded with rates that we believe will really help people take that next step, whether they’re buying a new home or becoming homeowners for the first time.”
