West Brom Reduces Mortgage Rates for Three Year Borrowers

By: West Brom
 
July 26, 2013 - PRLog -- The West Brom is improving rates by up to 0.40% for borrowers looking to fix their mortgage over three years.

The building society has lowered its flagship three year product from 2.25% to 2.15% fixed until 31 August 2016.

This market leading rate is available directly from the West Brom at a maximum loan to value (LTV) ratio of 65%.  

Applicants can borrow between £25,001 and £250,000.  There is a £99 booking fee, plus a £1,895 completion fee, and the overall cost for comparison is 3.6% APR.

For borrowers with a smaller deposit, the Society’s three year mortgages at 80% LTV are also now more affordable.

The rate for new purchasers has been reduced from 3.25% to 2.85% fixed until 31 August 2016.  For customers who are remortgaging, the rate has fallen from 3.35% to 2.95%, also fixed for three years.

These mortgages are availably directly through the West Brom’s branch network or over the phone, as well as via selected intermediary partners.

Each has a £99 booking fee and a £995 completion fee.  A free first standard valuation, worth up to a maximum of £525, is included, while remortgage customers also receive free standard legals.  The overall cost for comparison on both products is 3.8% APR.

The West Brom said these latest improvements to its mortgage range reflected its commitment to providing a competitive offering and widening choice for customers keen to fix their rate of interest.
End
Source:West Brom
Email:***@seal.uk.com Email Verified
Tags:Mortgage, Rates, Borrowers, Improved
Industry:Financial, Banking
Location:England
Subject:Products
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Seal Communications PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share