West Brom removes completion fees

West Brom Building Society has removed its completion fees and cut mortgage rates by up to 0.30%.

West Brom Building Society has removed its completion fees and cut mortgage rates by up to 0.30%.

Borrowers can take out a no completion fee 5-year fix at 2.44% to 65% loan-to-value targeted at new purchasers and homemovers.

Mortgages with lower rates include a 90% LTV remortgage 2-year fix at 3.09%. Like all of the society's remortgage products it incurs no booking fee.

West Brom’s mortgage rates start from 1.59%, which is a 65% LTV 2-year discount.

Fixed rate mortgages are available over 2, 3 and 5-year terms, starting at 1.69% for a 65% LTV 2-year fix.

David Taylor, the West Brom’s head of products, said: “These changes improve our proposition for mortgage customers, ensuring we can cater for a wide range of borrowing needs while consistently delivering good value.

“In particular the decision to remove completion fees helps customers understand exactly what the overall cost of borrowing will be and ultimately find the mortgage that is right for them.”