LETTING AGENTS' CLIENT ACCOUNT

If you are a professional property agent who holds funds on behalf of clients then this account is designed for you.

Account name

Property Lettings & Management Agents' Client Account

Interest rates (AERs)

Monthly interest	Gross	Net	AER
£10,000+	2.00%	1.60%	2.02%

The interest rate is variable and will be credited monthly to the account or paid to your nominated bank account.

If the balance falls below £10,000 we will reduce the rate of interest payable to the rate of interest paid on our Instant Access account.

Tax status

Interest is paid net of basic rate tax.

Withdrawal arrangements

Withdrawals may be made without notice by providing an appropriately signed request by fax or scanned email attachment. All withdrawals will be via the Faster Payments system to your nominated bank account.

Access

Post / Fax / Email

Minimum/
Maximum limits

Minimum: £10,000

Maximum: £2,000,000

Other conditions

None.

Operating the account

Pay money In

By Faster Payments system or CHAPS transfer from your bank account. To do this you will need to quote the sort code: 08-90-24, account number 70236215 and your Vernon account number as the reference.

Withdraw money

All withdrawals will be via the Faster Payments system and will be processed on the day of receipt providing the instruction is received by 2pm.

Simply read our Terms & Conditions, download and complete the application form and return it along with your intial deposit and proof of identity documentation for each named signatory on the account to:

Vernon Direct, Vernon Building Society, 19 St. Petersgate, Stockport SK1 1HF.

In addition we will also need the company's original certificate of incorporation. In signing the application form you are authorising us to carry out a Companies House Search.

Click here for details of our identification requirements.

I have nothing but good things to say about you - very helpful and personable. Best staff I have come across!
Mr M, Reddish

Need help? Call us

0161 429 6262

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*The 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Vernon Building Society is authorised and regulated by the Financial Services Authority (registration number 195475). It holds the following authorisations: to advise on and arrange mortgage business; to arrange general insurance business; and to introduce mortgage, general insurance, life assurance and investment business. You can check this on the FSA's website www.fsa.gov.uk/pages/register. We are also a participant of the Financial Services Compensation Scheme (FSCS). Details of the scheme can be obtained from www.fscs.org.uk

Telephone calls are recorded and may be monitored for regulatory and training purposes to help maintain service quality.

For independent information about financial products and services visit www.moneyadviceservice.org.uk

Vernon Building Society • 19 St Petersgate • Stockport • SK1 1HF

Tel: 0161 429 6262 • Fax: 0161 429 6996 • Email: info@thevernon.co.uk