The West Brom has cut rates across its mortgage portfolio, including 95% loan-to-value deals.

The new rates launch today and are available direct and through intermediaries.

They include:

A two-year fixed-rate product for house purchases of 3.34% at 90% LTV, with no completion fee and £500 cashback.

A Three-year fixed rate deal for house purchases of 3.84% at 95% LTV, with no completion fee.

And a five-year fixed rate offer for house purchases of 3.94% at 95% LTV, with no completion fee.

The UK’s seventh largest building society adds a maximum loan amount of £350,000 and a term of 30 years applies to the 95% LTV products.

It also says that mortgages revert to the firm’s standard variable rate at the end of the fixed-rate term, currently 3.99%.

The West Brom’s head of intermediaries Richard Scott says: “After a difficult year for first-time buyers and home movers with smaller deposits, we’re pleased to be reducing rates on our three and five-year products.

“Our competitive deals, particularly the five-year fixed rate, will benefit many customers, especially those who are looking for payment certainty over the medium term.”