YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

I’d like to move home

We want to support our borrowers throughout their home ownership journey – and we understand that sometimes, this involves a house change.

As an existing borrower, arranging your new mortgage is straightforward. Just give us a call to book in an appointment and one of our qualified Mortgage Advisors will talk you through the steps.

It’s always best to have these conversations early on in the process, so you are aware of the amount we will lend you, what the monthly repayments will be and be ready to proceed when you find your new ideal home.

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
2 Year Discounted PurchasePD18View DetailsBroker Direct2.59%2 YearsSVR£199£500NoNo90%£30,000£750,000, £450,0002.16% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Fees Assist Discount MortgageASFEView DetailsBroker Direct3.25%2 YearsSVRNilNilYesYes90%£75,000£450,0002.00% During Disc Period

Overpayments up to 10% of original advance, per annum
Portable

Shared Ownership PurchasePUSOView DetailsBroker Direct2.95%2 YearsSVRNilNilNoNo90%£50,000£250,0001.80% During Disc Period

Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge.
Portable

Standard Variable RateSV18View DetailsBroker Direct4.75%N/AN/A£100£175NoNo90%£30,000£750,000, £450,000Yes

None
(If HLC paid by Society, then this is repayable if loan redeemed within first 2 years)

NOTES

LTV - Loan To Value
SVR - Standard Variable Rate (currently 4.75%)
Fee Assisted Legals - where the product selected includes fee assisted legals, the applicants must use the Society's nominated solicitors.
Fees Assist Discount Mortgage is subject to using the Society's nominated solicitors, and a contribution of up to £500 towards legal costs (excluding stamp duty) will be paid.
For loans in excess of 75% LTV, a higher lending charge will be payable. From time to time, the Society may meet this charge for you. Full details will be included with your Key Facts Illustration. Where the fee is paid by Penrith Building Society, this will be up to a maximum of £1,500. Where the Higher Lending Charge is more than £1,500, you will be responsible for meeting the sum in excess of £1,500.
Self Build/Rennovation mortgage - 75% on plot / 75% max LTV available throughout the build, payable in arrears. Borrowers are expected to contribute their own funds in advance of mortgage draw down throughout the construction.
On a product by product basis, the Society applies limits to the maximum sum it is prepared to advance. These limits vary, dependent upon the product selected. Please refer to individual product information for further guidance.
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