West Brom Building Society has reduced rates across its two-year core and new build mortgage ranges.

The mutual said the changes are intended to support first-time buyers and home movers in the low-deposit market.

Its two-year fixed-rate 90% LTV purchase mortgage, available to first-time buyers and home movers with a £999 fee, has been cut by 0.22 percentage points, from 5.30% to 5.08%.

The society has also reduced its two-year fixed-rate 95% LTV purchase mortgage, which has no fee and is available to first-time buyers and home movers, by 0.26 percentage points, from 5.84% to 5.58%.

In its new build range, the two-year fixed-rate 90% LTV purchase mortgage with a £999 fee has been cut by 0.23 percentage points, from 5.81% to 5.58%.

John Phillips, product manager at West Brom Building Society, said: “Our focus is always on putting customers first, and these latest rate reductions are designed to provide even greater value for borrowers navigating today’s housing market.

“We know affordability continues to be a key consideration, particularly for first-time buyers and home movers with smaller deposits, so it’s important that we continue to offer competitive options that support a wide range of needs.

“By reducing rates across both our Core and New Build ranges, we’re helping customers and brokers access products that offer strong value and greater confidence when making longer-term financial decisions.”