Vernon Building Society has removed the fees on its discounted variable rate mortgage, which propels it straight to the top of the Moneyfacts Best Buys.
This two-year discounted variable mortgage charges a rate of 2.20% (2.90% discount) to borrowers with at least a 40% deposit (60% loan-to-value).
It is available to first and second time buyers as well as those remortgaging.
There are now no product fees. Previously, this mortgage came with an arrangement fee of £699.
The removal of the £699 product fee launches this two-year discounted variable rate mortgage straight to the top of the Moneyfacts Best Buys.
Four Moneyfacts Stars have been awarded.
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