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

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
Special Situations (High)S803View DetailsBroker & Direct8.24%3 YearsSVR£299£1499NoNo65%£30,000£250,0003% During Disc Period
  • Overpayments up to 10% of the outstanding loan per year
  • Portable
Special Situations (Medium)S802View DetailsBroker & Direct7.49%3 YearsSVR£299£1249NoNo75%£30,000£250,0002.5% During Disc Period
  • Overpayments up to 10% of the outstanding loan per year
  • Portable

 

2 Year Discount – Large Loan (Remortgage)R262View DetailsBroker & Direct6.23%2 YearsSVR£699£500NoYes90%£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)P017View DetailsBroker & Direct6.23%2 YearsSVR£199£500NoNo90%£30,000£300,0001.76% 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)P018View DetailsBroker & Direct6.23%2 YearsSVR£699£500NoNo90%£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)P016View DetailsDirect & Broker6.99%3 YearsSVR£249£1250NoNo75%£75,000£500,0003% 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)S801View DetailsBroker & Direct6.99%3 YearsSVR£299£999NoNo85%£30,000£250,0002% During Disc Period
  • Overpayments up to 10% of the outstanding loan per year
  • Portable

 

Expat Holiday Let (Purchase & Remortgage)P022View DetailsDirect & Broker7.49%3 YearsSVR£249£1350NoNo70%£75,000£500,0003.00% 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)P024View DetailsBroker & Direct6.73%3 YearsSVR£249£800NoNo50% IO, 80% C&I£30,000£500,0003.00% 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)P035View DetailsBroker & Direct6.43%2 YearsSVR£199£995NoNo95%£30,000£250,0003% 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)P042View DetailsBroker & Direct5.73%2 YearsSVR£199£500NoNo90%£30,000£300,0002.26% 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)P041View DetailsDirect & Broker6.25%2 YearsSVR£199£800NoNo90%£30,000£300,0003% During Disc Period

 

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

 

  • Portable
2 Year Discount (Remortgage)R261View DetailsBroker & Direct6.23%2 YearsSVR£199£500YesYes90%£30,000£300,0001.76% 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)R272View DetailsBrokers via L&G Mortgage Club5.33%2 YearsSVR£199£500YesYes80%£30,000£300,0002.66% 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)R274View DetailsBroker & Direct5.73%2 YearsSVR£199£500YesYes90%£30,000£300,0002.26% 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)P019View DetailsBroker & Direct6.43%2 YearsSVR£199NilNoNo90% of share£50,000£250,0001.56% 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)R263View DetailsBroker & Direct6.43%2 YearsSVR£199NilYesYes90% of share£50,000£250,0001.56% 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)P037View DetailsBroker & Direct5.99%3 YearsSVR£499£999NoNo75%£300,001£500,0003.00% During Disc Period

 

  •  Overpayments up to 10% of the outstanding loan, per annum.

 

  • For owner occupation only
Heartland Self Build/Renovation (Purchase & Remortgage)P036View DetailsBroker & Direct5.99%3 YearsSVR£249£750NoNo75%£30,000£300,0003.00% During Disc Period

 

  •  Overpayments up to 10% of the outstanding loan, per annum.

 

  • For owner occupation only
Standard Variable Rate (Purchase & Remortgage)SV19View DetailsBroker & Direct7.99%N/AN/A£199£500NoNo90%£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)P039View DetailsBroker & Direct6.54%3 YearsSVR£249£800NoNo70%£30,000£300,0001.45% During Disc Period

 

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

 

  • Portable

 

Buy to Let – Large Loan (Purchase)P040View DetailsBroker & Direct6.54%3 YearsSVR£749£800NoNo70%£300,001£500,0001.45% During Disc Period

 

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

 

  • Portable

 

Buy to Let (Remortgage)R270View DetailsBroker & Direct6.54%3 YearsSVR£249£800YesYes70%£30,000£300,0001.45% During Disc Period

 

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

 

  • Portable

 

Buy to Let – Large Loan (Remortgage)R271View DetailsBroker & Direct6.54%3 YearsSVR£749£800YesYes70%£300,001£500,0001.45% During Disc Period

 

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

 

  • Portable

 

Holiday Let (Purchase & Remortgage)P038View DetailsDirect & Broker6.99%3 YearsSVR£249£800NoNo70%£30,000£500,0002.00% 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)H2NDView DetailsBroker & Direct6.49%2 YearsSVR£249£800NoNo75% C&I, 70% IO£75,000£750,0002.00% During Disc Period

 

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

 

  • Portable

 

Residential Further AdvanceADBRView DetailsBroker & Direct6.24%2 YearsSVR£99NilNoNo90%£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 AdvanceF851View DetailsBroker & Direct6.54%3 YearsSVR£99NilNoNo70%£10,000£500,000145% During Disc Period

 

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

 

  • Portable

 

Expat Residential (Purchase & Remortgage)P012View DetailsDirect & Broker7.13%3 YearsSVR£249£1250NoNo75%£75,000£500,0003.00% 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)P013View DetailsDirect & Broker7.23%3 YearsSVR£249£1350NoNo70%£75,000£500,0003.00% 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

Lending Criteria

Call Us at Penrith Building Society

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