"We’re currently seeing strong demand for high LTV loans from first-time buyers"
Vernon Building Society has launched a new five-year fixed rate mortgage up to 95% LTV, with no arrangement fee.
The 3.49% five-year fix is available for purchases on loans from £95,000 to £300,000 across England and Wales, excluding London and the South East.
Brendan Crowshaw, head of mortgage and savings distribution at Vernon Building Society, said: “We’re currently seeing strong demand for high LTV loans from first-time buyers and this low-rate mortgage comes with no arrangement fee to help minimise the buyer’s upfront costs.
“Plus, our common-sense approach to underwriting means we’ll consider every client’s circumstances on an individual basis.”