Vernon BS removes postcode restrictions to become nationwide lender

Vernon Building Society has removed its postcode restriction after successfully trialling a national approach through selected network partners.

Related topics:  Mortgages
Rozi Jones
21st June 2019
Tom Gurrie Vernon
"We’ve steadily expanded our intermediary distribution – completely removing the postcode restriction marks the last step to becoming a nationally focused lender."

The change means all brokers will now have access its products.

The lender has also cut rates on three fixed rate products by 0.20 percentage points.

New five-year fixed rates start from 2.64% up to 90% LTV with a £999 fee and 3.29% up to 95% LTV with no fee.

A five-year fixed buy-to-let rate is also available at 3.79% up to 75% LTV with a £999 fee.

Vernon’s head of intermediary sales, Tom Gurrie, said: “We want to make it easy for all brokers to do business with us. Over the last two years we’ve steadily expanded our intermediary distribution – completely removing the postcode restriction marks the last step to becoming a nationally focused lender.

“We look forward to helping even more brokers find competitive products and innovative funding solutions for all their clients who would benefit from an individual, personal approach to their particular situation, rather than a one-size fits all approach.”

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