West Brom Delivers Best Buy Rates with New Mortgage Range

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Building society the West Brom launches new mortgage range, including a choice of fixed rate and tracker deals, plus products with no completion fees, a free first standard valuation and free legals.

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This launch represents a welcome return for the West Brom to the top of the Best Buy tables, delivering a really competitive range of mortgage products.

The West Brom has unveiled a comprehensive new range of mortgage products, offering market leading rates and increased customer choice.

Heading up the range from the UK’s sixth largest building society is a Best Buy 2.59% mortgage fixed for two years at a maximum loan to value (LTV) ratio of 60%.

There are competitive fixed rate deals over a five year term starting at 3.64% (up to 75% LTV) and mortgages that track Bank Base Rate for two years starting at 2.64% (up to 75% LTV).

Stephen Leonard, the West Brom’s divisional director for marketing and e-commerce, said: “This launch represents a welcome return for the West Brom to the top of the Best Buy tables, delivering a really competitive range of mortgage products. Customers looking for low rates have a wide choice of fixed rate or tracker deals with us.”

The Society has also included a number of remortgage products with no completion fees, a free first standard valuation and free standard legal services.

“We have considered those who don’t want to pay high fees to arrange their mortgage and adding a free valuation and legal services to these products ensures even greater affordability and convenience,” added Stephen.

All new mortgages in the range revert to Bank Base Rate plus 3.49% (subject to a Bank Base Rate floor of 0.5%, currently 3.99% variable).

Mortgage applications can be made through one of the West Brom’s 38 branches or by calling 0800 298 0008. Full product details and mortgage calculators are available at http://www.westbrom.co.uk.

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Notes to editors

Product highlights from the West Brom’s new mortgage range include:

Two year fixed rate at 2.59%, fixed until 30/11/2014
Market leading rate for loans up to 60% LTV; available to customers who are purchasing, moving, remortgaging or switching provider; there is a £99 booking fee and a £1,895 completion fee; the overall cost for comparison is 3.9% APR.

Five year fixed rate at 3.64%, fixed until 30/11/2017
Up to 75% LTV; available to customers who are purchasing or moving home; £99 booking fee, £899 completion fee; overall cost for comparison is 4.0% APR.

Two year Bank Base Rate Tracker at 2.64%
Bank Base Rate plus 2.14% until 30/11/2014 with a Bank Base Rate floor of 0.5%; up to 75% LTV; available to customers who are purchasing or moving home; £99 booking fee, £1,995 completion fee; overall cost for comparison is 3.9% APR.

Two year fixed rate at 3.69%, fixed until 30/11/2014
For loans up to 75% LTV; available to customers who are remortgaging or switching provider; there is a £99 booking fee; no completion fee is payable; deal includes a free first standard valuation (worth up to a maximum of £525) and free standard legals; the overall cost for comparison is 4.0% APR.

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Nick Trueman
West Brom
0870 220 7785
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