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West Brom Mortgages

West Bromwich Building Society, commonly known as the West Brom, is a building society based in the West Midlands. They supply mortgages to current homeowners planning to move, first time buyers and people looking to remortgage.

    • 4.03% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.04% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.06% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.06% Initial
    • 5 year fixed
    • 7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.08% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.14% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.14% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback Max £1,600
      Free Legals
      Free Valuation
    • Get quotes
    • 4.14% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.17% Initial
    • 5 year fixed
    • 6.8% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.17% Initial
    • 5 year fixed
    • 6.9% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

Compare West Brom mortgages

West Brom have a range of mortgage products to suit anyone looking to buy property. Depending on your specific borrowing requirements and personal circumstances, West Brom can help you obtain a mortgage to suit you.

Homeowner mortgages

You can borrow up to 90% of the cost of a new home with West Bromwich Building Society. They offered both fixed and variable rate mortgages. West Brom fixed rate mortgages give you fixed interest rate for the first 2-5 years of your mortgage depending on which specific deal you go for. Several of their variable rate mortgages offer discounted interest rates for the first two years of the mortgage term.

Many West Brom mortgages also offer cashback of between £500 and £1,000 when you sign up as an added incentive.

First Time Buyer mortgages

West Brom may be able to offer first time buyers up to 90% of the value of the property, meaning this is a great option for anyone looking for way on to the property ladder. They may also be able to offer a discount rate which could make your borrowing significantly cheaper or provide a fixed rate which can make your repayments more predictable.

Remortgaging with the West Brom

If you are not happy with your current monthly mortgage repayments or are considering increasing your borrowing then West Brom may be able to offer you a better interest rate or a larger mortgage.

It is possible to borrow anything up to 80% of the property’s market value in this way, which means you could be left with a lump sum at the end of your loan term. Alternatively you could look at spreading your mortgage over a longer period to bring down your monthly payments.

Loan to value ratio

The LTV or loan to value ratio on a mortgage product is one of the most important factors when lenders are considering you for a loan. It represents the maximum percentage of the property’s value which you will be able to borrow with your chosen mortgage.

A simple example of LTV is: if the max LTV is 70% and you are looking at a property worth £100,000, you will be able to borrow up to £70,000. It will then be up to you to fund the balance with your deposit.

Find the best deals on mortgage rates

Our free mortgage calculator is a great way to search the market for leading lenders to suit you. By providing some simple information such as your loan amount and repayment time, the calculator, which you can find at the top of the page, will be able to point you in the right direction. It is a fast and easy way to compare a whole range of leading mortgage products so you can choose a deal which offers you the best value.