The West Bromwich Building Society (the West Brom) has returned to lending up to 85% loan-to-value (LTV) on residential purchases and remortgages, and has introduced a range of interest only purchase products and a revised fixed Help to Buy offering.
A total of 10 new deals are available from today, the highlights of which include: a 2-year discounted variable rate of 2.34% at 85% LTV with fees assisted legal costs for remortgages (£999 fee); a 2-year discounted variable rate for purchases of 1.69% at 80% LTV (£999 fee); and a 2-year Help to Buy purchase deal of 1.99% at 75% LTV and £500 cashback.
All products include free valuations.
Mortgage products revert to the West Brom’s SVR at the end of the fixed rate term, which is currently 3.99%.
Richard Scott, head of intermediaries at the West Brom, said: “We are pleased to be able to offer this latest range of competitive products and choice, to support our intermediary partners find the best deals for their clients.
“We continue to monitor applications daily to ensure we can deliver the high levels of service that our intermediary partners expect from us.”