West Brom reduces high-LTV three-year fixed rates

West Brom Building Society has announced a series of rate reductions across its three-year fixed mortgage range, with cuts of up to 0.23% and extended end dates now running until September.

The changes apply to products targeted to support first-time buyers and movers with lower deposits.

At 90% LTV, three-year fixes have reduced by 0.22% to 4.67% with a £999 fee and 4.88% fee-free.

95% LTV r ates are down by up to 0.23% and now start from 4.98% with a £499 fee and 5.08% fee-free.

The West Brom is also launching a three-year fixed rate product at 95% LTV specifically for new build homes, priced at 5.12% with a £499 fee.

Gareth Madeley, head of product at the West Brom, said: “We’re happy to be reducing rates on our three-year fixed range to support more customers into ownership. Supporting borrowers with smaller deposits is a key priority for us, especially in today’s challenging market, where affordability remains a key concern. 

"Feedback from our broker network also helps us shape our products, and we’ll continue to evolve our offering to help give customers the best possible choice, whether that’s helping more people take their next step purchasing a first home, looking to move or buying new build.”