The Stockport-based building society offers residential and buy-to-let deals, including its retirement mortgage, which enables older borrowers to borrow on a fee-free interest-only basis with no maximum age limit and no interest roll up.
The retirement mortgages are offered both with a lasting power of attorney and without, and alongside a sliding rate scale after being relaunched in September last year.
Initially the products will be available through Sesame and PMS to intermediaries within the mutual’s heartland of the North West of England, with a view to rolling this out as part of Vernon’s broker distribution strategy.
Head of intermediary sales at Vernon Building Society, Tom Gurrie, (pictured) said: “Vernon is a small but experienced mortgage lender with a practical and common-sense approach to underwriting.
“Sesame and PMS were the obvious next steps for our distribution strategy as one of the leaders in the market. We can’t wait to start working with their intermediaries.”
Jane Benjamin, head of relationship management at Sesame and PMS, added: “We are pleased to be working with Vernon Building Society and we are confident that our members will welcome their innovative products and customer-focused approach, with direct access to experienced underwriters.”