Below are the latest updates from the Vernon Building Society. These updates are available via our direct to lender mortgage club which offers you payment on completion as well as specialist mortgage support and more.
Product & Criteria Update 12.10.2026
We have made changes to our Lending Policy and Product Criteria as set out below:
JBSP
We have removed the upper age limit of 75 for these products and have removed the requirement for the borrower to be able to afford at least 50% of the monthly mortgage payment.
Interest-Only
We have removed the minimum £200k equity requirement for all repayment vehicles except Downsizing.
Product loan limits
The below higher LTV products have had the maximum loan limit increased:
F598 – £450k increased to £500k
F599 – £450k increased to £500k
F600 – £350k increased to £400k
C022 – £450k increased to £500k
C029 – £450k increased to £500k
C030 – £450k increased to £500k
CR12 – £1m corrected to £600k
CR15 – £450k increased to £500k
PR18 – £500k increased to £600k
PR22 – £450k increased to £500k
JB19 – £450k increased to £500k
Head Start
This product has now been withdrawn from our range.
- DH02 = Withdrawn
LTV Maximum for New Builds
95% is the new limit for new build properties, where the borrower provides at least 5% of the deposit from their own funds or a family gift.
Maximum Storeys in Flat Blocks
Maximum of 30 storeys for a building within our postcode area: BL, CH, CW, M, OL, SK, WA or WN. A maximum of 10 applies outside these codes.
A minimum value of £250k (£350k in London) applies if more than 6 storeys.
Lodger Income
We now accept 100% of this type of income.
Our updated Product Guide is attached for reference.