Vernon Building Society launches Credit Repair mortgage range to support borrowers with past credit issues
10 February 2026
Vernon Building Society has launched a new Credit Repair mortgage range designed to help borrowers who have experienced historic credit issues but are now in a stable position and ready to move forward. Sitting between prime and impaired credit, the products aim to offer a pragmatic option for complex cases, with pricing that remains closer to the mainstream market than traditional sub prime.
The range comprises three products available for both purchase and remortgage:
- Three year 2.44% discount at 5.16% up to 85% LTV with a £499 fee (Tier 1)
- Three year fixed rate at 5.29% up to 85% LTV with a £999 fee (Tier 1)
- Five year fixed rate at 5.49% up to 80% LTV with a £999 fee (Tier 2)
The new products align with updated lending policy criteria and introduces a new two tier structure above the Vernon’s standard prime criteria, depending on the extent of previous credit problems. Tier 2 can accommodate more severe or recent historic issues than Tier 1.
The Credit Repair criteria enables the Vernon to take a flexible, case by case view across a wide range of previous credit issues, including arrangements to pay, missed payments on consumer credit, loan and mortgage arrears, payday loans, defaults, satisfied CCJs up to £500 in the last 36 months, active or recently satisfied debt management plans, and historic IVA, bankruptcy, DRO or repossession. Different levels of consideration apply under each tier, giving intermediaries clearer routes for placing cases that fall just outside prime.
Brendan Crowshaw, Head of Mortgage and Savings Distribution at Vernon Building Society, said:
“Credit challenges are no longer a niche issue. We’re seeing more applicants with some form of historic blip on their record, from younger buyers and the self employed through to those who have simply had a tough few years financially.
“Traditional lenders can be reluctant to look beyond those facts, even when an applicant’s current situation is strong. Our Credit Repair range is designed to bridge that gap, combining realistic, clearly defined criteria with common sense underwriting to help brokers get good quality clients the home they deserve.”
After the initial product period, borrowers who have maintained their payments will have the option to move onto the Vernon’s standard product range, supporting a structured pathway back to mainstream lending.
This latest range is an extension of the Vernon’s established strength in complex cases, providing brokers with a defined, easy to navigate proposition for clients whose recent credit history would exclude them from many high street options.
Full details of the Credit Repair mortgage range, including the latest rates and the current eligibility list, can be found at: www.thevernon.co.uk/intermediaries/products/credit-repair/
