Vernon Building Society

Vernon Building Society

Do you have a good mortgage case that doesn’t quite fit?

Vernon Building Society are a small society based in Stockport, Cheshire.

Their aim is to provide a bespoke service to intermediaries by offering access to their experienced underwriters.

Because they do not credit score any of their applications, and adopt a “can do” approach, the Vernon Building Society can consider many of the scenarios that the bigger lenders often avoid.

Proc Fees

Product Gross      Min Net        Min
Residential 0.37% £150 0.35% £140
BTL 0.42% 0.40%
Product Transfers 0.22% 0.20%
Product Type When does the lender pay PMS? Frequency
All Month following completion Monthly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Overview

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Register to place business with Vernon Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

Key Features

  • Buy to Let – including Holiday Lets & Regulated (family)
  • Interest only to 60% LTV (sale of property)
  • Term to age 85 (repayment)
  • Interest-only Retirement Mortgage with no upper age limit (CeRER)
  • Self-build
  • Joint borrower – sole ownership
  • New Build to 95% LTV (including flats)
  • Generous affordability
  • Minor Adverse (see Lending Policy)
  • Remortgage to 95% (Help to Buy)

Vernon Building Society are available to all PMS members, lending in the whole of England & Wales


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