West Brom launches £2,000 cashback mortgage range

West Brom Building Society is launching two new products for first-time buyers and home movers with £2,000 cashback.

The £2,000 cashback offer applies at 90% and 95% LTV, with five-year fixed rates available from 4.96% at 90% LTV and 5.09% at 95% LTV. 

The launch also includes a range of rate reductions for first-time buyer and home movers across two, three and five-year fixed terms. The two-year rate at 95% LTV is now priced at 4.62% with no fee following a 0.18% reduction.

John Phillips, product manager at the West Brom, said: “We understand that our customers’ needs are always evolving. People must face a number of upfront costs when buying a home, so the launch of our £2,000 cashback products help borrowers deal with the burden. These changes represent our commitment to helping people into home ownership.”