Review (UK)

Vernon First-time Buyers Mortgage full review: Get advice!

Are you a first-time buyer in the UK looking for the perfect mortgage to help you get on the property ladder? If so, read our Vernon First-time Buyers Mortgage review to learn more!

Vernon First-time Buyers Mortgage: Free advice and good terms!

Learn everything you need to know about Vernon. Source: The Mister Finance.
Learn everything you need to know about Vernon. Source: The Mister Finance.

Have you been dreaming of buying your first home in the UK? It’s an exciting journey but can also be daunting if you don’t know where to start. So, read our Vernon First-time Buyers Mortgage review to learn more!

Vernon First-time Buyers Mortgage

How to apply for Vernon First-time Buyers Mortgage

Do you need a mortgage with good rates and terms? If so, read on to learn how to apply for the Vernon First-time Buyers Mortgage!

RequirementsThe requirements vary depending on the type of mortgage you’ll need and be able to apply for.
Loan TypeMortgages
Loan AmountsFrom £100,000 up to £1,000,000, depending on which type of Vernon First-time Buyers Mortgage you’re applying for.
TermsFrom 3 years to 5 years, depending on the mortgage type you can apply for.

*Terms apply.
RatesFor fixed-rate Vernon First-time Buyers Mortgage:

Initial rate: From 4.50% to 4.70%;
SVR: 6.85%;
Cost for comparison (overall): From 6.00% to 6.30% APRC;
LTV: From 80% to 100% (maximum);
There are no incentives;
No arrangement fees;
Also, there are prepayment penalty fees.

For discount mortgages:

Initial rate: From 3.85% to 4.15%;
SVR: 6.85%;
Cost for comparison (overall): From 4.30% to 6.10% APRC;
LTV: From 80% to 100% (maximum);
There are no incentives;
Arrangement fees: From 0% to 0.30%;
Also, there are prepayment penalty fees.

*Terms apply.
Minimum deposit*As low as 5% for minimum downpayment deposits.

*Terms apply.

Also, in our Vernon First-time Buyers Mortgage review, we will provide helpful advice and tips on how to apply for this great mortgage deal and find out if it’s right for you.

How does the Vernon First-time Buyers Mortgage work?

Whether this is your first step on the property ladder or whether you are just looking for more information before making a decision, the Vernon First-time Buyers Mortgage could be the perfect solution!

Moreover, Vernon can help you with financial advice for free before you decide which mortgage type you want to get!

Vernon First-time Buyers Mortgage benefits

This is your chance to get your first house. Source: Vernon.
This is your chance to get your first house. Source: Vernon.

As we mentioned, you can get incredible perks and financial advice through Vernon First-time Buyers Mortgage. Therefore, you can read our pros and cons below to learn more!

Pros

  • You can apply online or in the branch for a Vernon First-time Buyers Mortgage;
  • There is a team of professionals to give you free advice on how to get your mortgage and which types can be best for your situation;
  • Good customer service;
  • As little as 5% minimum deposit;
  • Also, there are fixed-rate and discount mortgages.

Cons

  • You may not get the best terms if you’re in a bad financial situation.

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Should you apply for the Vernon First-time Buyers Mortgage?

If you live in the UK and are looking to buy your dream home, you’ll enjoy the Vernon First-time Buyers Mortgage! Also, if you’re looking for a mortgage with good terms, this can be the one!

Moreover, if you need some financial advice on how to use your savings and which type of mortgage to get, they can also help!

How to apply for the Vernon First-time Buyers Mortgage?

Also, you can apply for this mortgage in three easy ways. For example, you can just call them and talk to one of their specialists. Moreover, you can go to the nearest branch or apply online through a form!

Vernon First-time Buyers Mortgage

How to apply for Vernon First-time Buyers Mortgage

Do you need a mortgage with good rates and terms? If so, read on to learn how to apply for the Vernon First-time Buyers Mortgage!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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