West Brom Building Society has made rate reductions across its three-year fixed mortgage range, with cuts of up to 0.23%.

The society has lowered its 95% loan-to-value (LTV) three-year fix with no fee by 0.23% to 5.08% while the 95% LTV three-year fix with a £499 fee has been reduced by 0.22% to 4.98%.

The 90% LTV three-year fix with a £999 fee has been cut by 0.22% to 4.67% and the 90% LTV three-year fix with no fee has gone down by 0.22% to 4.88%.

The society has also extended end dates, which will now run until September.

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

In addition, the society is launching a three-year fixed rate product at 95% LTV specifically for new build homes, priced at 5.12% with a £499 fee.

West Brom Building Society head of product Gareth Madeley says: “We’re happy to be reducing rates on our 3-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.”

Last month, the West Brom lowered rates on two-year shared ownership and new build mortgage products.