Stockport’s Vernon Building Society has launched 2016 with a new range of variable rate mortgages featuring some of the most competitive discounts ever offered by the Society.
Ian Keeling, (above) Head of Sales and Marketing at the Vernon, said “We expect demand to be high, therefore potential borrowers should be aware that products may be withdrawn at short notice.”
Exclusively available to properties within 25 miles of Stockport, the portfolio includes a two year discount mortgage with a variable interest rate of just 1.50%.
The news comes as the Bank of England reveals mortgage approvals rose by 22% year-on-year in November.
“Whilst the Bank of England’s figures show promising growth in mortgage approvals, individuals with complicated circumstances can still find it difficult to secure a mortgage. The Vernon uses human underwriters to assess each application on an individual basis and applies a common sense approach to lending decisions,” said Ian.
The Vernon Building Society is a local, independent building society, based in Stockport. The Society was founded in 1924 and is the only local building society serving the Stockport and East Cheshire area.
For more information, visit www.thevernon.co.uk
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