The amount of first time buyer mortgages at the Vernon has increased.
There were 45% more completions from first time buyers at the Vernon in October 2014 when compared with October 2013.
Our Head of Sales and Marketing, Ian Keeling, said: “In October 19% of our mortgage completions were first time buyers. As a building society our aim is to support local people into home ownership and we do this by providing innovative and flexible products that are designed to meet the significant challenges facing many potential buyers. The increase in our first time buyer numbers suggests that our approach is helping, although unfortunately for many, the prospect of home ownership still remains out of reach due to the high cost of houses.”
We have qualified mortgage advisers available at each of our local branches and offer a range of savings
and mortgage products
for first time buyers. We also have a Mortgage Calculator
which gives mortgage borrowers a guide to how much they can borrow with the Vernon.