The West Brom has reviewed its range of two year fixed rate mortgages, improving the choice of products for borrowers with smaller deposits.
Two year fixed rates of 2.79 per cent are available to homebuyers and remortgage customers with a minimum deposit of 15 per cent.
A rate of 3.64 per cent is also available at 90 per cent LTV (loan to value).
The products can be applied for directly through the West Brom’s branch network or over the phone.
They include a free first standard valuation worth up to a maximum of £525 and remortgage customers also benefit from fees assisted legal work. Each has a £99 booking fee and a completion fee of £400.
Vicki Ballinger, the West Brom’s product manager for mortgages, said: “By regularly reviewing the interest rates on our two year fixed rate products we are improving our market position based on the true cost of borrowing.
“The lower deposit requirements of 10 per cent to 15 per cent are also opening up our product range to first-time buyers, as well as existing homeowners looking to progress further up the property ladder or change their current mortgage to a more competitive deal.”
Loading ...