The West Brom has announced a new range of fixed-rate loans with no booking, valuation or completion fees.
The building society said the offer is available for eight weeks from now until April 13, and customers could save as much as £934. This is based on previous charges for a five-year deal with £199 booking fee, £400 completion fee and an average valuation fee of £335.
The West Brom is also offering fee-assisted legal work on remortgages.
The fee-free loans include a number of two- and five-year fixed-rate mortgages available at up to 80% loan-to-value (LTV).
The West Brom's head of products David Taylor said the new range was designed to deliver "true value for mortgage customers".
He said: "It is essential for borrowers to factor in the total cost of taking out a mortgage, rather than be enticed by a low rate of interest. Of course people want their repayments to be as affordable as possible, but expensive fees and extras such as valuations and legal work can neutralise the benefit of paying less per month. In some cases, borrowers can end up paying more over the duration of the fixed rate term."
Talyor added that borrowers should look at the "bigger picture". "Be sure your mortgage is offering overall value for money," he said.
"Removing booking, valuation and completion fees for the coming weeks is a bold step by the West Brom and shows our firm commitment to supporting customers and their plans for home ownership."
Two-year fixes start at 1.99% up to 75% LTV, or 2.89% over five years. Cheaper five-year mortgages are available up to 65% LTV at 2.69%.
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