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 FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
Special Situations (High)S803View DetailsBroker & Direct5.00%3YearsSVR£299£1499NoNo65%£30,000£200,0002% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

Special Situations (Medium)S802View DetailsBroker & Direct4.25%3 YearsSVR£299£1249NoNo70%£30,000£225,0002% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

Special Situations (Light)S801View DetailsBroker & Direct3.75%3 YearsSVR£299£999NoNo70%£30,000£250,0002% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

2 Year Discount – Large Loan (Remortgage)R252View DetailsBroker2.75%2 YearsSVR£699£500NoYes80%£275,001£450,000 (LTV 76% to 90%), £750,000 (LTV up to 75%)2.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

2 Year Discount – Large Loan (Purchase)P002View DetailsBroker2.75%2 YearsSVR£699£500NoNo80%£275,001£450,000 (LTV 76% to 90%), £750,000 (LTV up to 75%)2.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

2 Year Discount (Purchase)P001View DetailsBroker2.75%2 YearsSVR£199£500NoNo80%£30,000£275,0002% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

2 Year Discount (Remortgage)R251View DetailsBroker2.75%2 YearsSVR£199£500YesYes80%£30,000£275,0002.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Shared Ownership (Purchase)P003View DetailsBroker2.95%2 YearsSVR£199NilNoNo80% of share£50,000£250,0001.80% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Shared Ownership (Remortgage)R253View DetailsBroker2.95%2 YearsSVR£199NilYesYes80% of share£50,000£250,0001.80% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Standard Variable Rate (Purchase & Remortgage)SV19View DetailsBroker4.75%N/AN/A£199£500NoNo80%£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 (Purchase)BLP8View DetailsBroker & Direct3.49%3 YearsSVR£249£800NoNo70%£30,000£275,0001.26% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Buy to Let – Large Loan(Purchase)P006View DetailsBroker & Direct3.49%3 YearsSVR£749£800NoNo70%£275,001£500,0001.26% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Buy to Let (Remortgage)R254View DetailsBroker & Direct3.49%3 YearsSVR£249£800YesYes70%£30,000£275,0001.26% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Buy to Let – Large Loan (Remortgage)R255View DetailsBroker & Direct3.49%3 YearsSVR£749£800YesYes70%275,001£500,0001.26% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Second Home (Purchase & Remortgage)H2NDView DetailsBroker3.25%2 YearsSVR£249£800NoNo75%£75,000£750,0002.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Residential Further AdvanceADBRView DetailsBroker3.00%2 YearsSVR£99NilNoNo70%£5,000 £450,000 (LTV 76% to 90%), £750,000 (LTV up to 75%)1.75% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Buy to Let Further AdvanceADBLView DetailsBroker & Direct3.49%3 YearsSVR£99NilNoNo70%£5,000£500,0001.26% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Lending Criteria

Lending Criteria

Call Us at Penrith Building Society

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