Your older clients want lending solutions that are clear, straightforward and fair. Vernon is one of the most experienced lenders in the sector, lending both into and in retirement. Depending upon circumstances we can provide standard residential products or our range of Retirement Mortgages which allow your clients to borrow over their full lifetime. Full details on product eligibility criteria can be found in our Lending Policy. For clients just wanting to pay interest with the loan being repaid by sale of property our Retirement Mortgages below could be just the answer!

Our Later Life Lending Product Page

Product Name Initial Rate Subsequent Rate (SVR) The Overall Cost For Comparison Incentives Maximum Loan To Value (LTV) Fees Early Repayment Charge
3 Year Discount Retirement Mortgage with LPA 3.49% 5.20% 5.10% APRC None 50% Arrangement fee: £499 Apply for 3 years
3 Year Discount Retirement Offset Mortgage with LPA 3.49% 5.20% 5.10% APRC None 50% Arrangement fee: £499 Apply for 3 years
5 Year Discount Retirement Mortgage with LPA 3.95% 5.20% 5.0% APRC None 50% No arrangement fee None
5 Year Discount Retirement Mortgage 4.70% 5.20% 5.20% APRC None 50% No arrangement fee None

For full product details please download our product guide

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