The Rules of the Society were amended at the 2013 Annual General Meeting (AGM) to reflect changes in building society law and practice embodied in the Sixth Edition Model Rules as published by the Building Societies Association (BSA).
 
Since then the BSA has further amended the rules by adding an addendum which the Society adopted at its Annual General Meeting held on 29th April 2014. This new provision allows Societies to raise capital by issuing Deferred Shares. We have no current plans to do this however our regulator requires all societies to have this provision in their rules.
 
Please click the link below to download a full copy of the Rules. Copies are also available from the Society’s Secretary on request.
 
 

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

© 2018 Vernon Building Society
All rights reserved