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