Vernon Building Society launches new mortgage range aimed at Professionals

26 January 2026

Vernon Building Society has launched a new range of Professional mortgages designed with young professional homebuyers in mind.

The new Professional mortgage range will help qualified professionals borrow in line with their future earning potential rather than being constrained by today’s salary. The range is available to a wide variety of professionals, including doctors, solicitors, teachers, engineers, accountants and other regulated or specialist roles, with a comprehensive eligibility list published on the Society’s website.

The new products are open to employed and self-employed applicants across England and Wales and can be used for both purchase and remortgage. The Vernon will consider applications from borrowers aged 18–75, with a minimum property value of £125,000 and a maximum loan of up to £1,000,000.

The range consists of four products:

Five year fixed rate at 4.59%, 80% max LTV, £999 fee
Five year fixed rate at 4.74%, 85% max LTV, £999 fee
Two year 3.01% discount at 4.59%, 80% max LTV, £499 fee which offers no ERC up to 25% overpayment
Two-year 2.81% discount at 4.79%, 85% max LTV, £499 fee which offers no ERC up to 25% overpayment

Across the range, the Vernon offers no maximum loan to income (LTI) ratio, reflecting an updated lending policy that allows underwriters to assess affordability using guaranteed future income, such as confirmed pay scale progression for doctors or trainees, or contractual pay rises for other professionals.

Part and part can be used up to 85% LTV, with up to 70% of the loan on interest only to help lower payments in the early years, which can increase borrowing potential while reducing monthly payments.

The Society will consider applicants with just one year’s accounts if self employed, accepts customers still in their probationary period, and is open to gifted deposits, aligning the products with the Vernon’s broader ethos of flexible, case by case underwriting for complex circumstances.

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

“Affordability remains one of the biggest hurdles professional borrowers. Rising property prices often mean that even those with strong future earning potential – whether they are early in their careers or more established - struggle to access the homes they want today.

“This new mortgage range reflects our new lending policy and applies our common sense approach to underwriting. By eliminating the LTI cap and allowing affordability to be based on guaranteed income rises, we’re helping professionals borrow in line with their career trajectory rather than being limited by current earnings.”

By clearly defining its Professional proposition, the Vernon aims to give brokers greater clarity and ease handling specialist cases with the Society, complementing its existing strengths in complex prime, later life, JBSP and bespoke lending.

Full details of the Professional mortgage range, including the latest rates and the current eligibility list, can be found at: thevernon.co.uk/intermediaries/products/professionals/