The Vernon Building Society has launched two new exclusive mortgage products for self and custom build with BuildLoan, to support intermediaries and their homebuilding clients.

The products are a 2 year tracker Accelerator mortgage with an initial rate of 5.50% and a 2 year discount rate arrears mortgage with an initial rate of 4.74%. Clients can borrow up to 85% on their land and build costs, with a maximum final loan to value of 80% with both products.

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