West Brom BS unveils new competitive mortgage rate | Product News - Moneyfacts

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West Brom BS unveils new competitive mortgage rate

West Brom BS unveils new competitive mortgage rate

Category: Mortgages
Date: 11/09/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

West Brom Building Society has reduced rates on selected fixed rate mortgages, one of which has earned a four-star rating.

The basics…

Now priced at 2.14% to 31.10.16, West Brom's two-year fixed rate mortgage is available up to 65% loan-to-value (LTV). Meanwhile, its 75% LTV equivalent is priced at 2.34%.

The finer details…

Both mortgages are available for first-time buyers, second-time buyers and remortgagors and come with a booking fee of £199.

After the two-year fixed rates expire, they will revert to a standard variable rate of 3.99% for the remainder of the mortgage term.

An enticing incentive package of free valuation (up to £525) is available for all borrowers, while remortgagors will also benefit from free legal fees. The option to make overpayments adds to the flexibility.

Why we like them…

The competitive rate on the 65% LTV mortgage compares favourably with its rivals in the Moneyfacts chart – something that is bound to attract the attention of potential borrowers. The small booking fee, combined with the eye-catching incentive package, sweeten the deal and give this mortgage bargaining power against the market-leaders.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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