Vernon Building Society has added two new 80% LTV deals to its residential range.

The new products are available for purchase and remortgage, both direct and via intermediaries.

Vernon is offering a two-year fixed rate at 1.99% with a £1,499 fee, and a five-year fixed rate at 2.25% with a £999 fee.

Vernon head of mortgage and savings distribution Brendan Crowshaw says: “We’ve recently seen a lot of interest in fixed rates from those looking to lock into today’s competitive rates before any potential interest rate rises. “We’ve boosted our range in response to that demand with these two 80% LTV options.

“We now have a wide range of mortgage options available to those with small, medium and large deposits and all borrowers benefit from Vernon’s common-sense approach to underwriting, even if they have non-standard needs or circumstances. 

“We always look for a way to say yes.”