(PRWEB UK) 7 September 2012
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.
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.