Coronavirus (COVID-19)

If you are concerned about Coronavirus and the impact this may have on your finances, we are here to support you. We are updating our website regularly with information you may need, including any updates on our branch opening times.

Check updates

Self-build Mortgages

Funding and support for those who want to build their own home...

Building your own home is a dream for many, but it can be a reality...
Building a home and funding a self-build project is, of course, more complex than a standard mortgage application.
Vernon supports those who want to embark on a self-build project, with funding in staged payments as the build progresses. 
After the project is complete you can then switch to one of our standard mortgages on completion of the build, without incurring Early Repayment Charges.
At Vernon we’ve made our process as straightforward as possible, and our mortgage advisers across our six branches are on hand, to answer your questions from the start of the process to the completion of your new home.
Speak to us for more information about our self-build mortgage options!
We pride ourselves on caring about our customers and rising to the occasion when meeting their needs. When Mark wanted to build his own home and applied for our innovative self build mortgage product, we were with him every step of the way. Read the full story here.
"You have two very happy and what will be loyal customers. Thank you so much for helping us build our dream home" - Mark Dawson, Technical Director at a major UK house builder.

Self-build Mortgages

Representative example

A mortgage of £181,499 payable over 20 years on an initial rate of 4.74% which includes a 0.46% discount from our standard variable rate for 2 years followed by our standard variable rate, currently 5.20%, for the remaining 18 years would require 24 monthly payments of £1,171.90 and 216 monthly payments of £1,214.08.
The total amount payable would be £291,396.88 made up of the loan amount plus interest (£107,368.88) and arrangement fee (£1,499) which has been added to the loan, standard valuation fee (£285), valuer reinspection fees x 5 (£325), Solicitor fee (£250), Funds Transfer Fee (£15) and a Mortgage Exit Fee (£155).

Your home may be repossessed if you do not keep up repayments

Need advice on mortgages?

We aim to make applying for your mortgage as stress free and easy to understand as possible by helping you with your mortgage choices and application. Start a conversation with us today...

Speak to us

Vernon Building Society
19 St Petersgate

Tel: 0161 429 6262

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

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


Vernon Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (registration number 195475).  You can check this on the Financial Services Register. We are also a participant of the Financial Services Compensation Scheme (FSCS). Details of the scheme can be obtained from

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