21st October 2025
We've expanded our range of Later Life mortgages, designed to support borrowers aged 55+, whether they’re approaching retirement or already enjoying it.
We understand that later life lending isn’t one-size-fits-all. Whether borrowers are managing pensions, downsizing, supporting family, or unlocking equity for lifestyle needs, our products are built to adapt to their evolving goals.
We’ve launched two new products, Into Retirement and In Retirement, to provide more flexibility for clients with varied income streams, including pensions and assets that may not yet be drawn upon.
Into Retirement
In Retirement
Alongside our new suite of products, we’ve enhanced our RIO offering with a new maximum LTV of 60%, giving your clients even more flexibility. Plus, no ERCs on RIO Lifetime Discounts, helping clients retain control over their finances.
And don’t forget - our entire discount range comes with a 25% overpayment allowance without ERCs, giving your clients even more control over their repayments. Plus, we accept a wide range of income types to support affordability, helping more clients access the solutions they need.
Brendan Crowshaw, our Head of Mortgage and Savings Distribution, said:
“In later life, borrowers often experience changing income streams and evolving financial priorities. Our enhanced Later Life portfolio is designed to offer a more flexible, personalised approach to lending.
Every application is individually underwritten, ensuring we understand each client’s unique circumstances. Whether they’re managing pensions, downsizing, supporting family, or unlocking equity for lifestyle needs, our products are built to adapt to their goals.”
At the Vernon, we understand that no two clients are the same. That’s why every case is personally underwritten, ensuring your clients’ unique circumstances are fully considered and reflected in the solutions we offer.
We’re committed to providing a responsive, broker-first service, with clear communication and a dedicated team that’s always ready to support you.
Phone: 0161 429 4327