West Brom Building Society has launched a range of mortgage products designed to support first-time buyers, home movers and remortgage customers.

The launch includes a new 95% loan-to-value (LTV) core purchase mortgage, available at 5.72% with no product fee.

The society has also reduced rates on two of its discount variable products, offering borrowers an alternative to fixed rates and many tracker products currently available.

These include the two-year discount variable purchase mortgage at 90% LTV, which now has a rate of 4.40%, down by 0.29% and comes with a £1,499 fee.

In addition, the two-year discount variable remortgage product at 90% LTV, which has been reduced by 0.20% to 4.60% and comes with a fee of £1,499 and £500 cashback.

Both products track the society’s standard variable rate and come with no early repayment charges (ERCs).

It has also lowered rates across its remortgage range, including its two-year fixed rate remortgage at 80% LTV, reduced by 0.04% to 5.63%, with £500 cashback.

The society has also lowered other remortgage products by up to 0.13%.

West Brom Building Society senior product manager John Phillips says: “Customers’ needs can vary significantly depending on where they are in their homeownership journey, which is why we’re focused on offering a range of competitive products that support different borrowing requirements.”