Intermediary Mortgage Products

The Society offers a diverse range of variable rate mortgage products.  Many of which have the benefit of an initial discount off our standard variable rate, currently 4.75%.

This wide range offers solutions for purchasers, those looking to remortgage and those looking to finance a buy to let property.

You can find out more about our fees by visiting our Tariff of Charges and Valuation Fees pages.

To find out mortgage about our lending criteria, visit our handy criteria finder.

The information contained within this page is for professional intermediary use only.
If you are not a mortgage intermediary, please return to our consumer mortgage page.

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeUnderwriting FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
2 Year Discounted RemortgageR250View DetailsBroker2.75%2 years4.75%£199£500For loans between £275,000 and £500,000 with an LTV of <75% an underwriting fee of £500 will apply. For loans between £275,000 and £500,000 with an LTV of >75% an underwriting fee of £1000 will apply. For loans between £500,001 and £750,000 an underwriting fee of £1000 will apply. YesYes90%£30,000£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)2% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

2 Year Discounted PurchaseP000View DetailsBroker2.75%2 years4.75%£199£500For loans between £275,000 and £500,000 with an LTV of <75% an underwriting fee of £500 will apply. For loans between £275,000 and £500,000 with an LTV of >75% an underwriting fee of £1000 will apply. For loans between £500,001 and £750,000 an underwriting fee of £1000 will apply.NoNo90%£30,000£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)2% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Foreign Currency Residential (Purchase & Remortgage)FCRMView DetailsSelected Brokers Direct3.75%3 YearsSVR£199£1250For loans between £275,000 and £500,000 an underwriting fee of £500 will apply.NoNo75%£75,000£500,0003% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Fees Assist Discount MortgageASFEView DetailsBroker Direct3.25%2 YearsSVRNilNilFor loans between £275,000 and £450,000 with an LTV of <75% an underwriting fee of £500 will apply. For loans between £275,000 and £450,000 with an LTV of >75% an underwriting fee of £1000 will apply. YesYes90%£75,000£450,0002.00% During Disc Period

Overpayments up to 10% of original advance, per annum
Portable

Shared Ownership PurchasePUSOView DetailsBroker Direct2.95%2 YearsSVRNilNilNoNo90% of share£50,000£250,0001.80% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Shared Ownership RemortgageRESOView DetailsBroker Direct2.95%2 YearsSVRNilNilYesYes90% of share£50,000£250,0001.80% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Self Build/Renovation Mortgage SchemeSELFView DetailsBroker Direct4.99%2 YearsSVR + 0.75%£100£500For loans between £275,000 and £300,000 with an LTV of <75% an underwriting fee of £500 will apply.NoNo75%£30,000£300,0003.00% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
For owner occupation only

Standard Variable RateSV18View DetailsBroker Direct4.75%N/AN/A£100£175For loans between £275,000 and £500,000 with an LTV of <75% an underwriting fee of £500 will apply. For loans between £275,000 and £500,000 with an LTV of >75% an underwriting fee of £1000 will apply. For loans between £500,001 and £750,000 an underwriting fee of £1000 will apply.NoNo90%£30,000£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)Yes

None
(If HLC paid by Society, then this is repayable if loan redeemed within first 2 years)

Buy to Let PurchaseBLP8View DetailsBroker Direct3.49%3 YearsSVR£249£800For loans between £275,000 and £500,000 an underwriting fee of £500 will apply.NoNo70%£30,000£500,0001.26% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Buy to Let RemortgageBLR8View DetailsBroker Direct3.49%3 YearsSVR£249£800For loans between £275,000 and £500,000 an underwriting fee of £500 will apply.YesYes70%£30,000£500,0001.26% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Holiday Let MortgageHOL8View DetailsBroker Direct4.25%3 YearsSVR£249£800For loans between £275,000 and £500,000 an underwriting fee of £500 will apply.NoNo70%£30,000£500,0002.00% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Second Home MortgageH2NDView DetailsBroker Direct3.25%2 YearsSVR£249£900For loans between £275,000 and £500,000 an underwriting fee of £500 will apply. For loans between £500,001 and £750,000 an underwriting fee of £1000 will apply.NoNo75% C&I, 70% IO£75,000£750,0002.00% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Further Advance ResidentialADBRView DetailsBroker Direct3.00%2 YearsSVR£99NilFor loans between £275,000 and £500,000 with an LTV of <75% an underwriting fee of £500 will apply. For loans between £275,000 and £500,000 with an LTV of >75% an underwriting fee of £1000 will apply. For loans between £500,001 and £750,000 an underwriting fee of £1000 will apply.NoNo90%£5,000£750,0001.75% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Further Advance Buy to LetADBLView DetailsBroker Direct3.49%3 YearsSVR£99NilFor loans between £275,000 and £500,000 an underwriting fee of £500 will apply.NoNo70%£5,000£500,0001.26% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Expat ResidentialREXPView DetailsSelected Brokers Direct3.89%3 YearsSVR£249£1250For loans between £275,000 and £500,000 an underwriting fee of £500 will apply.NoNo75%£75,000£500,0003.00% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Expat Buy to LetBEXPView DetailsSelected Brokers Direct3.99%3 YearsSVR£249£1350For loans between £275,000 and £500,000 an underwriting fee of £500 will apply.NoNo70%£75,000£500,0003.00% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Lending Criteria

Lending Criteria

Call Us at Penrith Building Society

Need to know more? Give us a call on 01768 863675