West Brom BS unveils 90% LTV product

Michael Lloyd

November 28, 2019

West Brom Building Society has launched a 2-year fixed rate product at 90% LTV for remortgages.

Priced at 2.44%, the deal comes with free valuation, no product fee and 0.50% of the advance in cashback.

Overpayments are allowed with the product.

Rachel Springall, finance expert at Moneyfacts, said: “West Brom Building Society has introduced a new two-year fixed mortgage to its range, which is available to borrowers with 10% equity.

“Priced at 2.44%, the deal comes with an incentive of free valuation, 0.50% cashback of the mortgage advance and does not charge a product fee. As a result, this package may appeal to borrowers looking to keep their initial costs down.”

In addition, Halifax has cut the rate on its 3-year purchase product at 75% LTV by 0.09% to reach 1.44%.

This deal allows overpayments, payment holidays and comes with a £999 product fee all of which can be added to the mortgage advance.

Springall added: “Now priced at 1.44%, the deal becomes the lowest rate in its sector and is available to house purchase customers at 75% loan-to-value.

“While there is no incentive package, the deal charges a reasonable fee of £999, which can be added to the mortgage advance.

“Borrowers looking for a low rate mortgage with a well-known brand through intermediaries may find this option appealing.

“It earns an Outstanding Moneyfacts product rating in the process.”

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