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
Foreign Currency Residential (Purchase & Remortgage)P007View DetailsBrokers & Direct3.75%3 YearsSVR£249£1250NoNo75%£75,000£500,0003% During Disc Period

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

Eden Mortgage BoostEMB4View DetailsBroker & Direct3.99%2 YearsSVRNILNILYesYes95%£30,000£171,0002.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
For owner occupation only.
This scheme is not portable.
Applicant(s) must meet criteria.
HLC paid by Eden District Council.

Fees Assist Discount (Purchase & Remortgage)ASFEView DetailsBroker Direct3.25%2 YearsSVRNilNilYesYes90%£75,000£275,0002.00% During Disc Period

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

Shared Ownership (Purchase)P003View DetailsBroker & Direct2.95%2 YearsSVR£199NilNoNo90% 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 DetailsBroker & Direct2.95%2 YearsSVR£199NilYesYes90% of share£50,000£250,0001.80% During Disc 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 DetailsBroker & Direct4.75%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)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)HOL8View DetailsBroker Direct4.25%3 YearsSVR£249£800NoNo70%£30,000£500,0002.00% During Disc Period

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

Second Home (Purchase & Remortgage)H2NDView DetailsBroker & Direct3.25%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 DetailsBroker & Direct3.00%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 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)REXPView DetailsSelected Brokers Direct3.89%3 YearsSVR£249£1250NoNo75%£75,000£500,0003.00% During Disc Period

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

Expat Buy to Let (Purchase & Remortgage)BEXPView DetailsBrokers & Direct3.99%3 YearsSVR£249£1350NoNo70%£75,000£500,0003.00% 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