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£1249NoNo75%£30,000£225,0002% During Disc Period

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

Foreign Currency Residential (Purchase & Remortgage)P016View DetailsDirect & Broker3.75%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 & Direct3.75%3 YearsSVR£299£999NoNo80%£30,000£250,0002% During Disc Period

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

    2 Year Discount – Large Loan (Remortgage)R262View DetailsBroker2.99%2 YearsSVR£699£500NoYes80%£275,001£450,000 (LTV 76% to 90%), £750,000 (LTV up to 75%)1.76% During Disc Period

     

    • A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 2.99%. 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 DetailsBroker2.99%2 YearsSVR£699£500NoNo80%£275,001£450,000 (LTV 76% to 90%), £750,000 (LTV up to 75%)1.76% During Disc Period

     

    • A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 2.99%. 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 DetailsBroker2.99%2 YearsSVR£199£500NoNo80%£30,000£275,0001.76% During Disc Period
    • A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 2.99%. 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
    Keyworker (Purchase)P021View DetailsBroker - Mortgage Advice Bureau Firms ONLY2.95%2 YearsSVR£99£400NoNo90%£75,000£325,0001.80% During Disc Period

     

    • A discount of 1.80% off the Society’s SVR for 2 years, initial rate payable 2.95%. 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 (Remortgage)R261View DetailsBroker2.99%2 YearsSVR£199£500YesYes80%£30,000£275,0001.76% During Disc Period

     

    • A discount of 1.76% off the Society’s SVR for 2 years, initial rate payable 2.99%. 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 (Purchase)P019View DetailsBroker3.19%2 YearsSVR£199NilNoNo80% 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 3.19%. 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 DetailsBroker3.19%2 YearsSVR£199NilYesYes80% 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 3.19%. 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
    Self Build/Renovation (Purchase & Remortgage)P004View DetailsBroker & Direct4.99%2 YearsSVR + 0.75%£249£750NoNo75%£30,000£275,0003.00% During Disc Period

  • Overpayments up to 10% of the outstanding loan per year.
  • For owner occupation only
  • Self Build/Renovation – Large Loan (Purchase & Remortgage)P005View DetailsBroker & Direct4.99%2 YearsSVR + 0.75%£749£750NoNo75%£275,001By Individual Agreement3.00% During Disc Period

  • Overpayments up to 10% of the outstanding loan per year.
  • For owner occupation only
  • 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

  • Holiday Let (Purchase & Remortgage)P011View DetailsDirect & Broker4.25%3 YearsSVR£249£800NoNo70%£30,000£500,0002.00% During Disc Period

  • A discount of 0.50% off the Society’s SVR for 3 years, initial rate payable 4.25%. 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 DetailsDirect & Broker3.25%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 DetailsBroker3.00%2 YearsSVR£99NilNoNo80%£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

  • Expat Residential (Purchase & Remortgage)P012View DetailsDirect & Broker3.89%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 & Broker3.99%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