The society’s 80% loan-to-value (LTV) remortgage product with a fee of £999 will be cut by 0.30% to 4.39%.

The 80% LTV purchase product with a fee of £999 has been reduced by 0.31% down to 4.29%.

West Brom Building Society head of product Gareth Madeley states: “We’re really pleased to be making further reductions across our two-year fixed-rate range.”

“We keep a close eye on the market and work hard to keep our products as competitive as possible and that’s reflected in the changes we’ve announced today.”

Meanwhile, Atom bank has reduced rates on its prime residential mortgage range.

The lender has cut rates by as much as 0.20% on two-, three- and five-year fixed rates, available up to 95% LTV.

Two- and three-year fixed rates now start at 4.99%, while rates for borrowers with a 5% deposit begin at 5.24%.

Atom bank head of mortgages Richard Harrison says: “These rate reductions mean brokers and their Prime clients benefit from a wider range of competitive deals to choose from.”

Elsewhere, Landbay has reduced rates by as much as 0.10% across its limited edition and product transfer ranges.

Rates in the limited edition range now start at 4.39% for a standard five-year fix at up to 70% LTV.

The range includes no less than eight products with options for those remortgaging and for new purchases.

In addition, the range offers automated valuation model-supported products as well as products for small HMO and MUFBs.

Examples of these new rates include: – Limited edition standard five-year fixed, 75% LTV at 5.19% with a 2% fee – Limited edition small HMO/MUFB five-year fixed, 75% LTV at 4.89% with a 5% fee

Landbay has also lowered rates on its new product transfer offering, with a 0.10% cut on its five-year fixed rate products.

These now start at 4.44% and are available at up to 75% LTV, while small HMO/MUFB products in the PT range have been cut by 0.05% and now start at 4.94%.

Examples of these new rates include: – Product transfer standard five-year fixed, 75% LTV at 5.24% with a 2% Fee – Product transfer small HMO/MUFB five-year fixed, 75% LTV at 5.54% with a 2% Fee

Landbay sales and distribution director Rob Stanton comments: “As ever, we remain agile in the current market and respond to opportunities to cut rates and ensure our product range is competitive as possible.”

“We continue to demonstrate that we’re not shy of passing on reductions at the earliest opportunity in what is our sixth round of reductions already this year.”

“Given how popular our new product transfer range has proven to be, it’s fantastic to be able to bring forward further reductions – including to valuable HMO/MUFB options in the range.”