Intermediary Mortgage Products

You are here: Home » Intermediaries » Intermediary Mortgage Products

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 7.99%.

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
Scroll down for Penrith Mortgage Hub, Products and Lending Criteria links

Products	Prod Code	More Details	Distribution	Initial Rate	Initial Period	Reverts to	App Fee	Product Fee	Free Val?	Fee Assisted Legals?	Max LTV	Min Loan Amount	Max Loan Amount	ERC	Features
Special Situations (High)	S803	View Details	Broker & Direct	8.24%	3 Years	SVR	£299	£1499	No	No	65%	£30,000	£250,000	3% During Disc Period	Overpayments up to 10% of the outstanding loan per year Portable
Special Situations (Medium)	S802	View Details	Broker & Direct	7.49%	3 Years	SVR	£299	£1249	No	No	75%	£30,000	£250,000	2.5% During Disc Period	Overpayments up to 10% of the outstanding loan per year Portable
2 Year Discount – Large Loan (Remortgage)	R262	View Details	Broker & Direct	6.23%	2 Years	SVR	£699	£500	No	Yes	90%	£300,001	£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)	1.76% During Disc Period	A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 6.23%. The rate payable will not go below a floor rate of 2% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
2 Year Discount (Purchase)	P017	View Details	Broker & Direct	6.23%	2 Years	SVR	£199	£500	No	No	90%	£30,000	£300,000	1.76% During Disc Period	A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 6.23%. The rate payable will not go below a floor rate of 2% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
2 Year Discount – Large Loan (Purchase)	P018	View Details	Broker & Direct	6.23%	2 Years	SVR	£699	£500	No	No	90%	£300,001	£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)	1.76% During Disc Period	A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 6.23%. The rate payable will not go below a floor rate of 2% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Foreign Currency Residential (Purchase & Remortgage)	P016	View Details	Direct & Broker	6.99%	3 Years	SVR	£249	£1250	No	No	75%	£75,000	£500,000	3% During Disc Period	The product provides a discount off the Society’s SVR for 3 years. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Special Situations (Light)	S801	View Details	Broker & Direct	6.99%	3 Years	SVR	£299	£999	No	No	85%	£30,000	£250,000	2% During Disc Period	Overpayments up to 10% of the outstanding loan per year Portable
Expat Holiday Let (Purchase & Remortgage)	P022	View Details	Direct & Broker	7.49%	3 Years	SVR	£249	£1350	No	No	70%	£75,000	£500,000	3.00% During Disc Period	The product provides a discount of 0.50% off the Society’s SVR for 3 years. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Multi-Unit Mortgage (Purchase & Remortgage)	P024	View Details	Broker & Direct	6.73%	3 Years	SVR	£249	£800	No	No	50% IO, 80% C&I	£30,000	£500,000	3.00% During Disc Period	A discount of 1.26% off the Society’s SVR for 3 years, initial rate payable 6.73%. The rate payable will not go below a floor rate of 3% during the discounted period Overpayments up to 10% of the outstanding loan per year Portable
Blue Light Mortgage (Purchase)	P035	View Details	Broker & Direct	6.43%	2 Years	SVR	£199	£995	No	No	95%	£30,000	£250,000	3% During Disc Period	A discount of 1.56% off the Society’s SVR for 2 years, initial rate payable 6.43%. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Heartland 2 Year Discount (Purchase)	P042	View Details	Broker & Direct	5.73%	2 Years	SVR	£199	£500	No	No	90%	£30,000	£300,000	2.26% During Disc Period	A discount of 2.26% off the Society’s SVR for 2 years, initial rate payable 5.73%. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Heartland 2 Year Fixed Rate (Purchase)	P041	View Details	Direct & Broker	6.25%	2 Years	SVR	£199	£800	No	No	90%	£30,000	£300,000	3% During Disc Period	Overpayments up to 10% of the outstanding loan per year Portable
2 Year Discount (Remortgage)	R261	View Details	Broker & Direct	6.23%	2 Years	SVR	£199	£500	Yes	Yes	90%	£30,000	£300,000	1.76% During Disc Period	A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 6.23%. The rate payable will not go below a floor rate of 2% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
2 Year Discount L&G (Remortgage)	R272	View Details	Brokers via L&G Mortgage Club	5.33%	2 Years	SVR	£199	£500	Yes	Yes	80%	£30,000	£300,000	2.66% During Disc Period	A discount of 2.66% off the Society’s SVR for 2 years, initial rate payable 5.33%. The rate payable will not go below a floor rate of 3.00% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Heartland 2 Year Discount (Remortgage)	R274	View Details	Broker & Direct	5.73%	2 Years	SVR	£199	£500	Yes	Yes	90%	£30,000	£300,000	2.26% During Disc Period	A discount of 2.26% off the Society’s SVR for 2 years, initial rate payable 5.73%. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Shared Ownership (Purchase)	P019	View Details	Broker & Direct	6.43%	2 Years	SVR	£199	Nil	No	No	90% of share	£50,000	£250,000	1.56% During Disc Period	A discount of 1.56% off the Society’s SVR for 2 years, initial rate payable 6.43%. The rate payable will not go below a floor rate of 2% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Shared Ownership (Remortgage)	R263	View Details	Broker & Direct	6.43%	2 Years	SVR	£199	Nil	Yes	Yes	90% of share	£50,000	£250,000	1.56% During Disc Period	A discount of 1.56% off the Society’s SVR for 2 years, initial rate payable 6.43%. The rate payable will not go below a floor rate of 2% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Heartland Self Build/Renovation – Large Loan (Purchase & Remortgage)	P037	View Details	Broker & Direct	5.99%	3 Years	SVR	£499	£999	No	No	75%	£300,001	£500,000	3.00% During Disc Period	Overpayments up to 10% of the outstanding loan, per annum. For owner occupation only
Heartland Self Build/Renovation (Purchase & Remortgage)	P036	View Details	Broker & Direct	5.99%	3 Years	SVR	£249	£750	No	No	75%	£30,000	£300,000	3.00% During Disc Period	Overpayments up to 10% of the outstanding loan, per annum. For owner occupation only
Standard Variable Rate (Purchase & Remortgage)	SV19	View Details	Broker & Direct	7.99%	N/A	N/A	£199	£500	No	No	90%	£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)	P039	View Details	Broker & Direct	6.54%	3 Years	SVR	£249	£800	No	No	70%	£30,000	£300,000	1.45% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Buy to Let – Large Loan (Purchase)	P040	View Details	Broker & Direct	6.54%	3 Years	SVR	£749	£800	No	No	70%	£300,001	£500,000	1.45% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Buy to Let (Remortgage)	R270	View Details	Broker & Direct	6.54%	3 Years	SVR	£249	£800	Yes	Yes	70%	£30,000	£300,000	1.45% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Buy to Let – Large Loan (Remortgage)	R271	View Details	Broker & Direct	6.54%	3 Years	SVR	£749	£800	Yes	Yes	70%	£300,001	£500,000	1.45% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Holiday Let (Purchase & Remortgage)	P038	View Details	Direct & Broker	6.99%	3 Years	SVR	£249	£800	No	No	70%	£30,000	£500,000	2.00% During Disc Period	A discount of 1.00% off the Society’s SVR for 3 years, initial rate payable 6.99%. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Second Home (Purchase & Remortgage)	H2ND	View Details	Broker & Direct	6.49%	2 Years	SVR	£249	£800	No	No	75% C&I, 70% IO	£75,000	£750,000	2.00% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Residential Further Advance	ADBR	View Details	Broker & Direct	6.24%	2 Years	SVR	£99	Nil	No	No	90%	£5,000	£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)	1.75% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Buy to Let Further Advance	F851	View Details	Broker & Direct	6.54%	3 Years	SVR	£99	Nil	No	No	70%	£10,000	£500,000	145% During Disc Period	Overpayments up to 10% of the outstanding loan per year. Portable
Expat Residential (Purchase & Remortgage)	P012	View Details	Direct & Broker	7.13%	3 Years	SVR	£249	£1250	No	No	75%	£75,000	£500,000	3.00% During Disc Period	The product provides a discount off the Society’s SVR for 3 years. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable
Expat Buy to Let (Purchase & Remortgage)	P013	View Details	Direct & Broker	7.23%	3 Years	SVR	£249	£1350	No	No	70%	£75,000	£500,000	3.00% During Disc Period	The product provides a discount off the Society’s SVR for 3 years. The rate payable will not go below a floor rate of 3% during the discounted period. Overpayments up to 10% of the outstanding loan per year Portable

Lending Criteria

Find the Answer

Intermediaries

Intermediaries

Intermediary Mortgage Products

Lending Criteria

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