West Brom Building Society has reduced rates across a number of higher loan-to-value mortgage products, including deals aimed at borrowers with smaller deposits.

The mutual has lowered pricing on both its 90% and 95% loan-to-value (LTV) purchase products as part of a wider refresh of its residential mortgage range.

At 90% LTV, its two-year fixed-rate purchase mortgage with no fee has been reduced to 4.95%, down from 5.00%. The Society has also cut the rate on its fee-paying alternative at the same LTV, with the two-year fixed-rate product now priced at 4.69% with a £1,499 fee, compared with 4.77% previously.

For borrowers with smaller deposits, the Society has reduced its two-year fixed-rate purchase mortgage at 95% LTV to 5.25% with no fee, down from 5.35%.

West Brom said the changes reflect its ongoing focus on maintaining competitive options across both purchase and remortgage lending.

John Philips, senior product manager at West Brom Building Society, said: “Supporting customers with smaller deposits remains a key priority for us, particularly as building a deposit continues to be a challenge for many.

“By reducing rates across our higher LTV range, we’re aiming to make home ownership more accessible while continuing to offer competitive options for brokers and their clients.

“We know that flexibility matters, which is why we continue to provide both fee and no-fee options across our range.

“Our focus is on giving customers the choice and confidence to find a product that suits their needs, whether they’re purchasing a new home or looking to remortgage.”