The West Brom has cut the rate of selected products in its two-year fixed-term mortgage range by up to 46 basis points, following reductions earlier this week across its three-year offer.   

The building society says highlights among its updated two-year range include a rate of 5.74% at 90% loan-to-value, available to home movers and first-time buyers.   

The product comes with a £999 fe, with support for valuation costs.  

The West Brom head of product Gareth Madeley says:  “The past year has been a challenging market for first-time buyers, but we remain committed to supporting people with the funding they need to own their own home.   

“With rates falling in recent weeks, we’ve made a number of cuts across our fixed rate range, ensuring that first-time buyers and home movers are offered competitive products when they come to buy their new home.”  

On Tuesday, the lender reduced rates on its entire three-year fixed-rate suite of home loans by up to 30bps.   

Highlights across this term include a rate of 5.44% for remortgages at 75% loan to value, with a £999 fee and £500 cashback.