I’d like to borrow more

We understand that plans change. Now you have been in your home for a while, you might wish to undertake some work, such as a new kitchen or extension. Alternatively, you might want to further advance to buy a holiday home or get a dependent relative onto the property ladder. Whatever your reasons for needing a top-up on your mortgage, give us a call to discuss your options. As long as you are not looking to borrow funds for business purposes, we will do our best to assist.

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
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


NOTES LTV - Loan To Value SVR - Standard Variable Rate (currently 7.99%) Fee Assisted Legals - where the product selected includes fee assisted legals, the applicants must use the Society's nominated solicitors. For loans in excess of 80% LTV, a higher lending charge will be payable. From time to time, the Society may meet this charge for you - either in part or in full. Full details will be included within your ESIS Illustration. Normally where the fee is paid by Penrith Building Society, this will be up to a maximum of £1,500. Typically, 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/Renovation 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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