West Brom cuts first-time buyer, home mover and remortgage rates

West Brom Building Society has announced rate reductions up to 0.24% across a range of three and five-year fixed rate mortgages, supporting first-time buyers, home movers and people looking to remortgage.

For first-time buyers and home movers, the Society has reduced the rate on its five-year 95% LTV no-fee product to 4.84%, and on its three-year 95% LTV product the fee has been reduced to £499 with a rate of 4.79%.

For those remortgaging, new products have been introduced including a three-year 75% LTV fee-free option at 4.35% with £500 cashback. The Society has also reduced rates on its three-year 80% and 90% LTV products.

John Phillips, product manager at the 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 five-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. We listen closely to feedback from our broker partners, and remain focused on delivering good value to customers.”