West Brom expands mortgage range and cuts rates by up to 0.30%

West Brom Building Society has reduced rates across its mortgage range by to 0.30%, alongside an expanded product range across its first-time buyer, home mover and remortgage offerings.

The changes include a number of new product launches as well as pricing improvements across the existing range, with the most significant benefits targeted at customers looking to remortgage and secure better value at the end of their current deal.

As part of the reductions, the West Brom has cut the rate on its two-year fixed rate 80% LTV purchase product with no fee from 5.50% to 5.20%.

In addition, the West Brom has introduced two new products at 80% LTV. These include a two-year fixed rate at 5.04% with a £999 fee and £500 cashback, and a 5.24% two-year fix with no fee and £500 cashback.

John Philips, product manager at West Brom Building Society, said: “Putting customers first means listening closely to what they and brokers are telling us. These rate reductions of up to 0.30%, alongside the expansion of our product range, are designed to give customers more choice and better value, particularly for those coming to the end of existing mortgages. 

"We want to make sure people have access to competitive options that suit their circumstances, whether they’re remortgaging or planning their next move.”