West Brom Building Society has made a series of rate reductions across its core residential range, with a focus on supporting customers with lower deposits.
The latest changes see improvements across both 90% and 95% loan-to-value (LTV) purchase products.
At 90% LTV, the Society has reduced its two-year fixed purchase rate to 4.95% with no fee, down from 5.00%. A fee-paying option at the same LTV has also been cut, with the two-year fixed rate now at 4.69% with a £1,499 fee, reduced from 4.77%.
For customers with smaller deposits, the West Brom has also made reductions to its 95% LTV offering. Its two-year fixed purchase product with no fee has been lowered to 5.25%, down from 5.35%.
The changes form part of the Society’s ongoing commitment to providing competitive options across both purchase and remortgage ranges, ensuring brokers can access a breadth of solutions for a wide range of customer circumstances.
John Philips, Senior Product Manager at West Brom Building Society, said: “Supporting customers with smaller deposits remains a key priority for us, particularly as building a deposit continues to be a challenge for many. By reducing rates across our higher LTV range, we’re aiming to make home ownership more accessible while continuing to offer competitive options for brokers and their clients.
“We know that flexibility matters, which is why we continue to provide both fee and no-fee options across our range. Our focus is on giving customers the choice and confidence to find a product that suits their needs, whether they’re purchasing a new home or looking to remortgage.”
