The Vernon Building Society has removed its postcode restriction, allowing all brokers to access its products.

The Stockport-based building society has scrapped the restriction after trialling a national approach through selected network partners.

The Vernon has also cut the rates on three fixed rate products by 0.20 percentage points.

The new products are:

• A five-year fixed rate at 2.64% up to 90% LTV with a £999 fee
• A five-year fixed rate at 3.29% up to 95% LTV with no fee 
• A five-year fixed buy-to-let rate at 3.79% up to 75% LTV with a £999 fee.

Tom Gurrie (pictured), the Vernon’s head of intermediary sales, said: “We want to make it easy for all brokers to do business with us. Over the last two years we’ve steadily expanded our intermediary distribution – completely removing the postcode restriction marks the last step to becoming a nationally focused lender.

 “We look forward to helping even more brokers find competitive products and innovative funding solutions for all their clients who would benefit from an individual, personal approach to their particular situation, rather than a one-size fits all approach.”