The West Brom launches new 95% LTV new build range

The West Brom is now offering a range of fixed rate mortgages to customers looking to own a new build home with a 5% deposit.

The Society has also extended the offers on new build mortgages to be valid for 9 months.

The new 95% LTV range includes two, three and five-year fixed rate options with up to £1,000 cashback available.

A two-year fixed rate product is available at 6.20%, a three-year fix at 5.99%, and a five-year rate at 5.69%. All products feature no completion or booking fees and are available on loans up to £400,000.

Gareth Madeley, head of product at The West Brom, commented: “We realise that for many, saving a large deposit can be difficult in the current environment. This is particularly true for customers looking to buy a new build home where product choice can be limited.

"By extending our range of 5% deposit mortgages to borrowers looking to buy a new build home we’re hoping that we can help more customers into home ownership.”