Vernon launches six residential products

Jake Carter

February 11, 2021

launch products

Vernon Building Society has launched six residential mortgage products.

The offerings, which are available for both purchase and remortgage, are set at the same interest rate irrespective of term.

According to the lender, 2-year, 3-year, and 5-year fixed rate offerings at 2.25% have been launched.

The deals also include a £999 fee.

Meanwhile, for fee-free discounted deals, the lender has added 2-year, 3-year, and 5-year products at 2.09%.

All six offerings are available up to 80% LTV.

Brendan Crowshaw, head of mortgage and savings distribution at Vernon Building Society, said: “We’ve refreshed our residential mortgage range with a clear and simple approach.

“Whether your client wants to fix their rate for 2, 3 or 5-years, the rate and fees are the same.

“Our three discounted rates offer the same interest rate whichever length of initial term they choose and come with no product fee.

“Vernon’s common-sense approach to lending includes personalised underwriting and flexibility where applicants have unconventional circumstances.

“Combined with our commitment to broker service it’s a compelling proposition.”

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