West Brom Building Society has reduced rates across its core two-year and three-year mortgage range, offering lower pricing for first-time buyers and those looking to remortgage.

The society has cut selected rates by up to 0.18%, effective from today. Among the new products, the two-year fixed-rate mortgage at 95% loan-to-value (LTV) with no fee is now available at 4.80%, while the two-year 90% LTV no-fee deal has been reduced to 4.42%.

The lender said the changes are designed to support borrowers with smaller deposits who are seeking affordable and competitive mortgage options.

John Phillips, product manager at the West Brom, said: “We are committed to providing products that are attractive and affordable.

“These latest reductions reflect our purpose to help people achieve a more secure future through home ownership.”