The society has refreshed its product transfer product range, which will be available through intermediaries and direct from the lender.
Stockport mutual Vernon Building Society has introduced retention proc fee of 0.20% on completion of applications submitted from 1 April.
The society has refreshed its product transfer product range, which will be available through intermediaries and direct from the lender.
Tom Gurrie, intermediary sales manager at Vernon, said: “We are pleased to offer brokers the same choice of product transfer deals as our direct customers, across our whole lending range.
“Brokers have played a vital part in our recent growth and we want to recognise their importance to our future plans, whether they are introducing a new client or switching an existing borrower to another rate.
“Our new products and straightforward process make it easier for brokers to arrange a product transfer where they’ve found it is the best option for their client.”
