Mortgages

West Brom removes completion fees

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3rd February 2016

West Brom Building Society has lowered fees and cut rates by up to 0.30% across its entire range.

Borrowers will no longer pay completion fees, resulting in savings of up to £800.

Fixed rate mortgages are available over two, three and five year terms, and now start at 1.69% for a two year fix at 65% LTV.  

Other revised rates include the West Brom’s two-year fixed rate remortgage product, which has been reduced to 3.09% at 90% LTV.

As with all other remortgage products available from the Society, this deal has no booking fee – a saving of £199 – and also includes fees assisted legals and a free first standard valuation. 

The West Brom is also offering customers cashback payments of up to £1,000 with selected fixed rate higher-LTV mortgages.

These include a three year fixed rate at 3.19% (up to 90% LTV), which pays £1,000 cashback upon completion and comes with a free first standard valuation.

David Taylor, the West Brom’s head of products, said:

“These changes improve our proposition for mortgage customers, ensuring we can cater for a wide range of borrowing needs while consistently delivering good value.

“In particular the decision to remove completion fees helps customers understand exactly what the overall cost of borrowing will be and ultimately find the mortgage that is right for them.”

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