Mortgages

Buy for Uni

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

Buy for Uni

Instead of paying rent to a landlord, the student buys the house and receives rent from their housemates to help cover mortgage payments. With deposits from as little as 0% and support from parents, they can buy a property near their university and start their journey on the property ladder.

There are no Early Repayment Charges on our Buy for Uni mortgage. Meaning, if your university course ends before the term of the product, you won't be charged extra fees to either convert to a Residential or Buy to Let mortgage (as long as you meet the lending criteria) or sell the property and move on.

Discount Mortgages

(BU03) 5 year 1.25% Discount Floored Purchase Only

Initial rate

3.95%

Subsequent Rate (SVR)

5.20%

Overall cost for comparison

4.90% APRC

Maximum loan to value (LTV)

100%

Incentives

None

Arrangement Fee

£799

Early repayment charge

None

(BU04) 5 year 1.11% Discount Floored

Initial rate

4.09%

Subsequent Rate (SVR)

5.20%

Overall cost for comparison

4.90% APRC

Maximum loan to value (LTV)

100%

Incentives

None

Arrangement Fee

£899

Early repayment charge

None

This Important information should be read in conjunction with our Buy for Uni product

Buy for Uni: What you need to know...

READ IMPORTANT BUY FOR UNI INFORMATION

3 easy ways to apply

Apply online

Enquire Online

Complete our quick online enquiry form and we'll get back to you within one working day.

ENQUIRE ONLINE
Apply in branch

Apply in Branch

Arrange to meet an expert Mortgage Adviser in one of our six branches.

BRANCH FINDER
Apply by phone

Give us a Call

0161 429 4318

Monday - Friday

08:45 - 17:00

Why choose the Vernon?

We're local

With almost a century of local knowledge, we understand the unique needs of the community.

We're personal

First, we understand our customers as individuals. Then try to say yes.

We're knowledgeable

We're experts in mortgages so you don't need to be. We make it as simple as possible.

We're there for you

Our experienced mortgage advisors will be your point of contact throughout.

Help Centre

Got a question about mortgages?

Visit our Help Centre for answers to mortgage frequently asked questions, important leaflets and guides.
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Help Centre

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Your home may be repossessed if you do not keep up with repayments on your mortgage.