West Brom Building Society has cut mortgage rates by up to 0.24% across several 3-year and 5-year fixed rate deals for first-time buyers (FTBs), homemovers and those remortgaging.
For FTBs and homemovers, the rate on the 5-year 95% loan-to-value (LTV) no-fee product has dropped to 4.84%.
The 3-year 95% LTV product now has a £499 fee and a rate of 4.79%.
For remortgage customers, new products include a 3-year 75% LTV no-fee option at 4.35% with £500 cashback.
The society has also lowered rates on 3-year 80% and 90% LTV products.
John Phillips, product manager at West Brom, said: “By reducing these rates and launching new products, we’re helping customers find the right deal for their needs, particularly those who prefer the stability of a 5-year fix.
“We want to make sure borrowers can access great-value products that fit their circumstances.
“Our latest reductions show our commitment to helping first-time buyers with smaller deposits and continuing to offer great value to homeowners looking to remortgage.”
Phillips added: “We listen closely to feedback from our broker partners, and remain focused on delivering good value to customers.”
