We are the first in the UK to offer an extra bonus to first-time buyers of up to £1,000 on our Help to Buy: ISA.

The Government is offering a 25% bonus to home buyers through the scheme – with the Vernon adding a further 10% on savings.

First-time buyers who hold a Help to Buy: ISA with us and who take their first mortgage with the Society would receive a £4,000 bonus if they save the maximum £12,000 while also benefiting from the tax-free interest rate of 2.25%. The scheme is being launched on April 1, 2017.

Ian Keeling, our Head of Sales and Marketing, said: “House prices continue to outstrip wage increases with the housing crisis showing no immediate sign of abating.

“Many young people still dream of owning their own home and the freedom associated with it.

“Our first-time buyer savings and mortgage products are exclusively available to local people and we hope our innovative take on the Help to Buy: ISA will make the journey onto the first rung of the housing ladder more achievable.”

Help to Buy: ISAs are designed to help first-time buyers save up a deposit for their home.

The Government will add 25% to savings via the scheme, up to a maximum of £3,000 on savings of £12,000.

We will then add a further 10% of the capital balance - up to £1,000 – if a mortgage is completed with us.

For full terms and conditions, please visit our Help to Buy: ISA product page by clicking here.

Head office:

Vernon Building Society
19 St Petersgate
Stockport
SK1 1HF

Tel: 0161 429 6262
Fax: 0161 477 3303
Email: info@thevernon.co.uk

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.

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

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 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

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