Keep your repayments to a minimum in the first few years of your mortgage. As the interest rate is variable, this type of mortgage is ideal if you don’t mind your payments varying as interest rates change.

3 Year Discount Mortgage (80% - 90% LTV)

3 Year Discount Mortgage (70% - 80% LTV)

3 Year Discount Mortgage (Up to 70% LTV)

An offset mortgage allows you to combine your mortgage and savings to make your money work harder. As your savings are linked to your mortgage, your money is used to notionally reduce the balance of your loan rather than earn interest on your savings. This is a great way to save as you reduce your mortgage interest which achieves a better and more tax efficient return than in most mainstream savings accounts, allowing you to reduce your mortgage term. To find out how an offset mortgage works click here.

 3 Year Discount Offset Mortgage

Borrow up to 90% of a property’s value with our first time buyer mortgages. Discussing the options with the Vernon is easy for people considering ‘stepping on the ladder’ for the first time.

3 Year Discount Mortgage (80% - 90% LTV)  

3 Year Fixed Rate Mortgage (80% - 90% LTV)

5 Year Fixed Rate Mortgage (80% - 90% LTV)

If you want the security of knowing exactly what your mortgage repayments will be for the duration of the fixed rate period along with protection against rising interest rates then this is the ideal type of mortgage for you.

3 Year Fixed (Up to 80% LTV)             5 Year Fixed (Up to 80% LTV)

3 Year Fixed (80% - 90% LTV)             5 Year Fixed (80% - 90% LTV)

Flexible mortgages include options such as repayment holidays and additional draw-down facilities which help you to cope with changing circumstances in your life.

5 Year Flexible Mortgage

With a Tracker mortgage, your repayments follow the Bank of England base rate for a set period after which the interest rate reverts to our standard variable rate.

2 Year Tracker Mortgage

This mortgage allows you to borrow a proportion of funds against the value of your home without ever having to make monthly repayments - interest is added to the loan which is repaid when your house is sold. You must be over 65 years old to qualify.

By taking a personal and flexible approach, our Commercial Lending Manager can offer a range of mortgage solutions to business borrowers.