Vernon Building Society has updated its residential mortgage range including the addition of six new fixed and discounted options.

The same interest rate applies whether the homebuyer and remortgage products are for a two-, three- or five-year term.

The mortgages include a two-year, three-year or five-year fixed rate mortgage at 2.25 per cent, with a £999 fee and a two-year, three-year or five-year fee-free discounted rate mortgage at 2.09 per cent

The products are all available up to 80 per cent LTV.

Vernon Building Society head of mortgage and savings distribution Brendan Crowshaw says: “We’ve refreshed our residential mortgage range with a clear and simple approach.

“Whether your client wants to fix their rate for two, three or five years, the rate and fees are the same. Our three discounted rates offer the same interest rate whichever length of initial term they choose and come with no product fee.

“Vernon’s common-sense approach to lending includes personalised underwriting and flexibility where applicants have unconventional circumstances.

“Combined with our commitment to broker service it’s a compelling proposition.”