Vernon Building Society launches new Complex Prime mortgage range

05 November 2025

Vernon Building Society has launched a new range of complex prime mortgages aimed at customers with complex income streams and unique financial situations or those buying non-standard property.

The mutual has a long history of offering expert support and personalised underwriting to customers in England and Wales not served by mainstream lenders with automated decision making and rigid lending policies. This new range further enhances the Vernon’s proposition and allows for a more sophisticated approach to pricing.

The new Complex Prime range includes four new mortgage products, which are all available on purchase or remortgage. Across the range, sole applicants can apply for over 5.5 times their annual gross income, or over 5 times for joint applicants. The new range consists of:

Complex Prime 2 Year Fixed Rate at 4.75% to 31st January 2028 and £999 fee. Available with 80% LTV with a maximum loan of £500k.

Complex Prime 5 Year Fixed Rate at 4.89% to 31st January 2031 and £999 fee. Available with 80% LTV with a maximum loan of £500k.

Complex Prime 2 Year Discount at 4.65% (2.95% Discount from SVR of 7.60%) with a £499 fee. This is available with 80% LTV and a maximum loan of £1million. It offers 25% overpayment without charge.

Complex Prime 2 Year Discount at 5.19% (2.41% Discount from SVR of 7.60%) with a £499 fee. This is available with 90% LTV and a maximum loan of £450k. As with all Vernon discount mortgage products, it also offers 25% overpayment without charge.

Underwriter discretion will be applied across the full Complex Prime range to take into consideration each applicants unique circumstances, with potential lending outside of criteria.

Brendan Crowshaw, Head of Mortgage and Savings Distribution at Vernon Building Society said:

“The Vernon personally underwrites every mortgage application, and we have developed a strong track record in being able to say ‘yes’ when larger lenders have to say ‘no’ as a result of rigid lending policies and automated decision making.

“We already have a strong reputation for catering for customers with complex mortgage needs, but with this enhanced range, brokers can offer their clients an even wider range of suitable products."

To find out more visit www.thevernon.co.uk/intermediaries/products/complex-prime/