Related topic: West Brom BS

The Society's shared ownership mortgage rates have reduced by up to 0.65%.

West Brom Building Society has changed its loan to income lending policy, increasing the maximum borrowing available to some first time buyers and home movers.

The reductions are aimed at supporting first-time buyers and home movers.

The Society has also broadened its fixed rate mortgage range.

The changes include a number of new product launches as well as pricing improvements across the existing range.

The Society has cut 80% and 90% LTV rates and introduced new fee options to support borrowers with higher loan sizes.

The change means an average borrower could access up to £28,000 more.

The £2,000 cashback offer applies at 90% and 95% LTV.

The West Brom is also making reductions to its shared ownership purchase range.

The Society has reduced core two-year and three-year products to support first-time buyers and remortgage customers.