Vernon Building Society Equity Release

Vernon Building Society Lifetime Mortgage Review

Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui

Are You Considering Vernon Building Society Equity Release? What are the Pros & Cons? What are the Costs? Discover If Vernon Building Society Lifetime Mortgage Plans are for You.

Before You Start Reading...

Let's See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

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What a fantastic service. I filled out the form received a call and dealt with the most professional adviser who easily answered all my questions.
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Easy to use. Great support. They handled everything for me. I chatted with a fantastic adviser who decided that equity release wouldn't suit my circumstances.
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I found these guys from Google and I must say I'm impressed. Their guide is probably the most comprehensive one I've seen on the web. They arranged for an adviser to give me a quick call and answer all my questions on this 'hot' topic. I was very impressed with their professionalism.
Vernon

Vernon Building Society Equity Release Review

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

Is Vernon Building Society equity release the best?

The companies we profile, including Vernon Building Society are the best in the business to help you unlock the cash tied into your home.

Choosing the best equity release brand can be challenging! If you want to join the over 10,000 UK citizens who’ve unlocked equity this year, you’ll want to listen to this advice.

With so many brilliant options on the market, you could end up selecting the wrong equity release lender, only to regret it later.

Don’t worry; we’ve got your back. We’re here to share detailed information about the best equity release brands on the market, to help you make a sound decision.

On this page, we’ll be covering:

We’ve spent endless hours gathering the latest brand information with multiple expert consultations and a detailed review of over 350 brands in the industry.

Let’s take a look!

What Is Equity Release?

Equity release is an umbrella term for a later-life mortgage that allows you to unlock equity from your property while remaining in your home. While there are plans with an optional loan or interest repayments, both are only due when you pass away or move to a long-term care facility. The amount is usually covered from the sale of the home.

How Does Equity Release Work

If you (and your spouse) are 55 or older, you might qualify for an equity release loan. The age of the youngest homeowner will be considered. Furthermore, some schemes require you to be 60 or 65.

You might qualify for equity release if you own a home in the UK that is valued at £70,000 or more.

Discover More: What’s Equity Release & How Does It Work?

Equity Release Types

There are two equity release options available to you.

  • Lifetime mortgageis a mortgage secured on your property (provided it’s your main residence), while retaining ownership.
  • Home reversionis where you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, but you have to agree to maintain and insure it.

The Most Popular Equity Release Uses

  • Gaining access to tax-free cash to supplement retirement income.
  • Paying off a mortgage, debts, or loans.
  • Giving money to family members and children who might need an income boost.
  • Taking a dream trip.
  • Buying the car of one’s dreams.
  • Renovating one’s home or garden, which also should increase the property value.

We’ve got the scoop: 10 Equity Release Uses to Inspire You

What You MUST Know About the Providers We Compare

  • They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.
  • They’ve been responsible for organising 1 in 3 plans that the Equity Release Council
Is Vernon Building Society the right equity release provider to assist you and your family?

Are You READY to Find Out?

Are You Looking for the Vernon Building Society Equity Release Calculator?

Before you consider using the Vernon Building Society equity release calculator, we want you to know that we'll probably be able to find you a better rate and that means a great saving!

How Much Can You Release?

Use the INSTANT FREE Equity Release Calculator 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

Vernon Building Society Equity Release

It's VERY FAST, takes just 10 seconds

Now, compare and save: Search over 200 equity release council approved plans and find the best deal for the amount of money that you need.

Why Should I Get a Free Equity Release Quote?

Multiple quotes

You must speak to various lenders.

Speak to an expert

Seek advice from a whole market financial adviser.

What You MUST Know About the Providers We Compare

They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.

They’ve been responsible for organising 1 in 3 plans that the Equity Release Council approves.

Who Are Vernon Building Society?

The Vernon Building Society is a UK building society based in Stockport, Greater Manchester. It is a member of the Building Societies Association.

The Vernon is a mutual building society that was founded in 1924 in Stockport, Cheshire. They want to be a trusted source of dependable financial guidance in their community by offering cheap mortgages, savings, and investment options.

The Vernon strives to sustain a continuing community programme as a local, independent building society. Their desire to keep mutual status goes hand in hand with their aim to help local charities and organisations whenever possible. As a result of their sponsorship of local organisations and events, they have established a strong community presence.

In 2012, they introduced their Community Awards, which have since granted over £60,000 in much-needed cash to Stockport-based charities and community organisations.

Common Questions About Vernon Building Society & Lifetime Mortgages

In Conclusion

If Vernon Building Society has exactly what you need, get in touch with your financial adviser today. Equity release has never been cheaper and safer than it is today. However, if they’re not what you’re looking for, don’t lose hope. With so many providers available on the market, you’re bound to find the best equity release scheme for you and your family.

Not What You’re Looking For?

Take a look at our comprehensive list of equity release companies available on the market to see if there’s something better suited to your needs.

Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

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