West Brom Building Society has cut interest rates on its two-year fixed mortgage offering, with reductions of up to 0.18%.
The latest changes apply to all two-year purchase products.
With an LTV of 95%, West Brom has reduced its two-year fixed purchase product at no cost from 5.25% to 5.15%.
With an LTV of 90%, the two-year fixed purchase mortgage without costs has been reduced from 4.95% to 4.77% – a reduction of 0.18%. For customers who borrow larger amounts and prefer a fee-paying option, the lender’s two-year fixed mortgage with a 90% LTV and a £999 fee has been reduced from 4.73% to 4.64%.
Comment on the rate changes West Brom senior product manager John Philips said: “We have made improvements across our entire two-year purchase range, with particularly strong options available for customers purchasing with smaller deposits.
“First-time buyers remain a key area of focus for us, and these changes offer brokers even more competitive solutions with both 90% and 95% LTV. By offering a mix of fee and no-fee options, we are giving brokers more flexibility to recommend products that best suit their clients’ needs.”