West Brom Building Society has reduced rates across its two-year fixed purchase mortgage range, with cuts of up to 0.18%.
The latest changes apply across all two-year purchase products.
At 95% LTV, the West Brom has reduced its two-year fixed purchase product with no fee to 5.15%, down from 5.25%.
At 90% LTV, its two-year fixed purchase mortgage with no fee has been lowered to 4.77%, reduced from 4.95% – a cut of 0.18%. For customers borrowing larger amounts and preferring a fee-paying option, the lender’s two-year fixed mortgage at 90% LTV with a £999 fee has been reduced to 4.64%, down from 4.73%.
Commenting on the rate changes West Brom senior product manager John Philips, said: “We’ve made improvements across our entire two-year purchase range, with particularly strong options available for customers purchasing with smaller deposits.
“First-time buyers continue to be an important area of focus for us, and these changes provide brokers with even more competitive solutions at both 90% and 95% LTV. By offering a mix of fee and no-fee options, we’re giving brokers greater flexibility to recommend products that best suit their clients’ needs.”
