For most of us, taking out a mortgage to buy a home is the biggest financial commitment we’ll ever make.
Whether you are a first time buyer or looking to move up the property ladder, it pays to shop around, seek professional advice and ultimately find the deal that’s right for you and your individual circumstances.
The West Brom is the seventh largest building society in the UK and committed to doing the best for its customers.
Liese Moeller, who manages the Harborne branch on High Street, said: “Mortgage rates have hit record lows, which presents opportunities for new borrowers and existing ones who want a better deal to reduce their monthly repayments.”
“As a regional lender we have a good understanding of the local housing market, plus a range of fixed and variable rate mortgage products which are competitively priced to meet our customers’ needs.”
“Some of our mortgages include incentives designed to cut the cost of borrowing, such as no completion fees, valuation charges and legal fees paid for, and occasionally even cashback once the purchase completes.”
“Details of our latest offers are available on the West Brom website, but we are also happy to provide face to face advice in the Harborne branch or talk over the telephone if that’s more convenient.”
With so much competition for mortgage business between lenders, Liese believes prospective borrowers should make sure they understand the true cost of any agreement before committing to it.
“It’s easy to be enticed by a particularly low interest rate, not realising that there might be expensive fees and extra charges to pay on top,” she said.
“These can quickly neutralise the benefit of paying less per month, so be sure to work out the overall cost involved and stick within your budget.”