"We know that top-slicing is an important and useful tool for some landlords who want to boost their buying power or refinance their existing mortgage."
The lender has also increased its maximum LTV on buy-to-let, back to 75% from 70% and launched two new holiday let products.
The new holiday let mortgages are three-year discounted rate products, starting from 1.71% with a fee of £1,499.
Brendan Crowshaw, head of mortgage and savings distribution at Vernon Building Society, said: “Vernon is very experienced in the buy-to-let market and our new product range adds depth and breadth to our proposition. We know that top-slicing is an important and useful tool for some landlords who want to boost their buying power or refinance their existing mortgage.
“Our maximum LTV is now back to 75% as we continue to respond to the more positive market conditions and adapt our buy-to-let range to meet the needs of landlords.”
