Vernon Constructing Society has launched a three-year variable-rate large-loan mortgage.
The mutual says the supply, at as much as 80% mortgage to worth, comes at an preliminary price of 4.99%, which features a 2.86% low cost from its normal variable price for 3 years.
The deal is offered on a capital and curiosity and curiosity solely foundation, with a minimal mortgage dimension of £500,000 and a most of £1.8m.
It has a £999 product price and permits for as much as 25% capital repayments a 12 months.
The lender provides that wage multiples of as much as 5.5 instances revenue might be thought of throughout its vary of residential merchandise.
