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Vernon Building Society 5 Year Fix 1.25% £999 Fee

IAMIAM
IAMIAM Posts: 1,407 Forumite
Fifth Anniversary 500 Posts Name Dropper
in Mortgages & endowments
Just noticed this product on the MSE league tables when searching - seems too good to be true?

Comments

  • ACG
    ACG Posts: 24,789 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Are you close to stockport? 
    I think you need to be within 20/25 miles of stockport for their products - but I could be wrong, its been a while since I used them.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG
    ACG Posts: 24,789 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Just checked their website it is 2.25% up to 80% LTV. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • K_S
    K_S Posts: 6,900 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 5 February 2021 at 6:53PM
    ACG said:
    Are you close to stockport? 
    I think you need to be within 20/25 miles of stockport for their products - but I could be wrong, its been a while since I used them.
    @ACG That's changed (at least as of last spring pre-covid), it was all of England (or E&W). The one and only time I placed a client with them in recent memory, quite pleasant to deal with.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • K_S
    K_S Posts: 6,900 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    IAMIAM said:
    Just noticed this product on the MSE league tables when searching - seems too good to be true?
    @iamiam Probably a typo. What I can see on the product list is 2.25% for the £999 fee products, 80% LTV.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • ACG
    ACG Posts: 24,789 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    K_S said:
    ACG said:
    Are you close to stockport? 
    I think you need to be within 20/25 miles of stockport for their products - but I could be wrong, its been a while since I used them.
    @ACG That's changed (at least as of last spring pre-covid), it was all of England (or E&W). The one and only time I placed a client with them in recent memory, quite pleasant to deal with.
    Every day is a school day. 
    Yea, they were nice enough when I dealt with them. They were a bit mean on the affordability calculation from memory but aside from that I cant think of anything bad about them. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • IAMIAM
    IAMIAM Posts: 1,407 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Well that was a depressing typo, I would have taken it at 1.25!
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