Vernon Building Society cuts variable mortgage rates across specialist range

20 January 2026

Vernon Building Society has reduced rates by 0.1% to 0.16% across eleven variable (discount) mortgage products, making its specialist range more competitive for complex in England and Wales.

The refreshed pricing follows the recent update of the Vernon’s mortgage proposition, which made it easier for intermediaries to navigate products for borrowers with unusual or complex circumstances.

With Bank of England base rate reductions anticipated, the Vernon believes discount products will appeal to clients who want the potential benefit of any future rate falls, alongside generous overpayment flexibility.

All discounted products allow 25% overpayments per year without early repayment charges, which may be particularly attractive to borrowers expecting lump sums such as bonuses, inheritance or asset sales.

The reductions apply across a broad spread of the Vernon’s specialist lending segments, including JBSP, Professional, Complex Prime, standard and specialist Buy to Let, Expat Buy to Let and Holiday Buy to Let, reflecting the Society’s focus on supporting brokers with complex cases that often fall outside mainstream criteria.

Some of the specific rate reduction across the eleven product discounts include the Vernon’s Complex Prime 2 year discount 80% LTV mortgage, which has been reduced from 4.65% to 4.49%, and the Discount Buy to Let 2 year mortgage for 75% LTV which has been reduced from 5.19% to 5.04%. Meanwhile, the Vernon’s Residential 2 year Discount Large Loan rate has been reduced from 4.65% to 4.49%.

Brendan Crowshaw, Head of Mortgage and Savings Distribution at Vernon Building Society, said:

“Following our recent refresh of our mortgage proposition, we wanted to ensure our discount range remained compelling for intermediaries working with more complex borrowers. By reducing variable rates across key products such as Complex Prime, Professional and specialist Buy to Let, we’re giving brokers sharper tools to help clients whose needs aren’t met by standard high street offerings.

“With a potential downward movement in base rate on the horizon, we expect more clients to explore discount products. Combined with our 25% overpayment allowance and individually underwritten cases, these changes mean brokers can match specialist borrowers to flexible, competitively priced options that still come with our common sense approach to underwriting.”

The Vernon’s discount products are available to borrowers in England and Wales only, with reductions spanning both purchase and remortgage business. Full details of criteria and current rates are available via the intermediary section of the Society’s website: https://www.thevernon.co.uk/intermediaries/