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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.
| Products | Prod Code | More Details | Distribution | Initial Rate | Initial Period | Reverts to | App Fee | Product Fee | Free Val? | Fee Assisted Legals? | Max LTV | Min Loan Amount | Max Loan Amount | ERC | Features |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 Year Discount (Purchase) | P017 | View Details | Broker & Direct | 6.23% | 2 Years | SVR | £199 | £500 | No | No | 90% | £30,000 | £300,000 | 1.76% During Disc Period |
|
| 2 Year Discount – Large Loan (Purchase) | P018 | View Details | Broker & Direct | 6.23% | 2 Years | SVR | £699 | £500 | No | No | 90% | £300,001 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | 1.76% During Disc Period |
|
| Multi-Unit Mortgage (Purchase & Remortgage) | P024 | View Details | Broker & Direct | 6.73% | 3 Years | SVR | £249 | £800 | No | No | 50% IO, 80% C&I | £30,000 | £500,000 | 3.00% During Disc Period |
|
| Blue Light Mortgage (Purchase) | P035 | View Details | Broker & Direct | 6.43% | 2 Years | SVR | £199 | £995 | No | No | 95% | £30,000 | £250,000 | 3% During Disc Period |
|
| Heartland 2 Year Fixed Rate (Purchase) | P041 | View Details | Direct & Broker | 6.25% | 2 Years | SVR | £199 | £800 | No | No | 90% | £30,000 | £300,000 | 3% During Disc Period |
|
| Heartland 2 Year Discount (Purchase) | P042 | View Details | Broker & Direct | 5.73% | 2 Years | SVR | £199 | £500 | No | No | 90% | £30,000 | £300,000 | 2.26% During Disc Period |
|
| Shared Ownership (Purchase) | P019 | View Details | Broker & Direct | 6.43% | 2 Years | SVR | £199 | Nil | No | No | 90% of share | £50,000 | £250,000 | 1.56% During Disc Period |
|
| Standard Variable Rate (Purchase & Remortgage) | SV19 | View Details | Broker & Direct | 7.99% | N/A | N/A | £199 | £500 | No | No | 90% | £30,000 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | Yes | None |
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.
