The West Brom has lowered rates on its 2-year fixed rate Shared Ownership and new build mortgages.
Effective today, 17th April, the society has reduced its 95% borrower share product in the Shared Ownership range to 5.24% with no fees.
All other Shared Ownership products saw rate reductions, and end dates have been extended from June to September.
For new build homebuyers, 2-year fixed rates have been cut by up to 0.47%, and now start from 4.77% for those with a 10% deposit.
The 95% loan-to-value (LTV), product is now at 5.54%, with no fees and includes a £500 cashback.
Additionally, a 90% LTV option has also been introduced, available at 5.28% with a £999 fee.
Aran Mann, product manager at The West Brom, said: “We know buying your first home isn’t easy, especially in the current environment, so we’re doing what we can to make it more achievable.
“That’s why we’ve tailored our range of shared ownership and new build deals to give customers more support and more ways to make homeownership happen.”
“These latest rate changes are about listening to brokers, keeping a close eye on the market, and making sure we’ve got competitive products that genuinely help customers into homeownership.”
