Vernon Building Society has launched a competitive range of fixed rate mortgages. With 3 and 5 year terms; first time buyers and existing home owners can borrow up to 95% of their property’s value and benefit from the security a fixed rate delivers.
“These products represent some of the cheapest fixed rates the Society has ever launched and we expect the funds allocated to them to be taken quickly, therefore potential borrowers should be aware that they may be withdrawn at short notice,” says Ian Keeling, (left) Vernon Building Society’s Head of Sales and Marketing.
The news comes as the Council of Mortgage Lenders reports first-time buyer lending increased in 2014 by 24%, year-on-year.
Said Ian:
“Vernon experienced an 86% increase in first-time buyer lending over the same period,” says Ian. “Our competitive product range and personalised service will continue to support growth in this area”.
The Vernon has qualified mortgage advisers available at each branch and offers a range of savings and mortgage products for first time buyers.
They also have a calculator on their website http://www.thevernon.co.uk/Mortgage.aspx which gives mortgage borrowers a guide to how much they can borrow with the Vernon.
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