West Brom Building Society has launched a new low-deposit mortgage, introducing a 95% loan-to-value (LTV) purchase product priced at 5.72% with no product fee. The mutual said the mortgage is its most competitive offering for borrowers with smaller deposits. It has also reduced rates on two discount variable mortgages. Its two-year discount variable purchase mortgage at 90% LTV is now priced at 4.4% with a £1,499 fee. Meanwhile, its two-year discount variable remortgage at 90% LTV is available at 4.6% with a £1,499 fee and £500 cashback. West Brom Building Society has also cut rates across its remortgage range, including its two-year fixed rate remortgage at 80% LTV, which is now available at 5.63% and includes £500 cashback.
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