Vernon Lifetime Mortgage

Full product details for the Vernon Lifetime Mortgage mortgage, including application criteria, rates, suitability, restrictions, incentives, facilities, fees & charges and equity release.
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Fixed RateFirst Time Buyer
Buy To Let

Vernon Lifetime Mortgage Features & Benefits

Mortgage TypeEquity Release 
Initial Rate Typevariable 
Initial Rate APR4.99%4.99%.
Initial Rate End Dateterm 
Maximum LTV40%The maximum LTV is 40%
Minimum Loan£20,000The minimum loan amount is £20000.
Maximum Loan£250,000The maximum loan is £250000.
Remortgage OnlynoThis is not just available for remortgages.
Maximum Number of Borrowers4The maximum number of borrowers is 4.
Maximum Age95 yearsMaximum age is 95.
Maximum Property ValueUnlimitedThere is no maximum property value.
Minimum Monthly Income£100The minimum monthly cash release is £100.00.
Minimum Bedrooms0 bedroomsThere is no minimum number of bedrooms.
Minimum Lease Term Remaining50 yearsThe minimum unexpired lease must be 50 years.
Monthly IncomeyesMonthly income option available.
Minimum Age of Youngest Borrower65 yearsMinimum age is 65.
Minimum Age of Single Borrower65 yearsMinimum age is 65.
Minimum Initial Cash Lump Sum£1,000The minimum initial lump sum is £1000.
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Compare Vernon Lifetime Mortgage With These Mortgages

National Counties Building Society RIM Term SVR BTL C/B LTV 60%

  • A term intro rate end date is available.
  • Get an introductory rate APR of 5.44 percent from the RIM Term SVR BTL C/B LTV 60%.
  • Get 0% loading on lender's base interest.
  • Repayment rate of 5.7 percent is offered with this mortgage.
  • This mortgage offers £30,000 remortgage minimum loan.
  • 5.7 percent mortgage APR is offered to applicants.

Manchester Building Society Term 0.60% Discount R/M LTV 80%

  • Applicants get 30 years max term.
  • This mortgage offers 5 years minimum term.
  • Get £350,000 maximum loan.
  • Mortgage rate of 4.89 percent is available.
  • 80 percent remortgage max LTV is available with the mortgage.

Lloyds TSB 2yr 4.69% Fixed H/P LTV 85% Direct

  • This mortgage offers £5,000 1st time buyer minimum loan.
  • Get 3.99% final interest.
  • Max LTV of 85 percent is available.
  • A house purchase max LTV of 85% is available from Lloyds TSB.
  • Right to buy maximum ltv/valuation of 85% is available with this mortgage.

Derbyshire Building Society 3yr 4.59% Fxd LTV 80% Ex/B PT Direct Only

  • New customers enjoy 4.2 percent rate only rate from Derbyshire Building Society.
  • 31 mar 2015 fixed interest rate end date is offered to applicants.
  • 4.2% mortgage APR is available with the mortgage.
  • 30 yrs max term is offered to you.
  • New customers get minimum period of 5 years.

Northern Rock 3yr 4.25% Fixed H/P LTV 85%

  • Max LTV of 85 percent is offered.
  • A £0 right to buy minimum loan is offered.
  • You will enjoy 85% house purchase max LTV.
  • Get 01 may 2015 fixed interest rate end date from Northern Rock.

Aldermore Term Variable Rate LTV 65%

  • Lender's base rate of 4.28% is available to you.
  • £25,000 remortgage minimum loan is available to customers.
  • This mortgage offers a 4.28 percent mortgage interest rate.
  • 1st time buyer minimum loan of £25,000 is offered.
  • Initial rate APR of 4.28 percent.

Coventry Building Society Flexx Term LTV 75%

  • 3.1% lender's base interest is available to new customers.
  • The mortgage offers a mortgage interest rate of 3.1 percent.
  • An interest rate only rate of 3.3 percent is available from Coventry Building Society.
  • Remortgage max LTV of 75 percent is available.

Santander 3yr 4.69% Fixed H/P C/B LTV 85%

  • This mortgage offers an 85 percent right to buy max LTV.
  • Customers get £6,000 house purchase minimum loan from the mortgage.
  • This mortgage gives an introductory rate term of 36 months.
  • Benefit from a maximum LTV of 85 percent.
  • Shared ownership minimum loan of £6,000.