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
Multi-Unit Mortgage (Purchase & Remortgage)P024View DetailsBroker & Direct6.73%3 YearsSVR£249£800NoNo50% IO, 80% C&I£30,000£500,0003.00% During Disc Period

 

  • A discount of 1.26% off the Society’s SVR for 3 years, initial rate payable 6.73%. 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

 

2 Year Heartland Discount Purchase 95%P043View DetailsBroker & Direct5.79%2 YearsSVR£0£0NoNo95%£30,000£400,0002% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2

 

  • A discount of 2.20% off the Society’s SVR for 2 years, initial rate payable 5.79%. 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

 

2 Year Heartland Discount Purchase 80%P044View DetailsBroker & Direct5.49%2 YearsSVR£0£0NoNo80%£30,000£750,0002% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2

 

  • A discount of 2.50% off the Society’s SVR for 2 years, initial rate payable 5.49%. 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

 

2 Year National Discount Purchase 80%P045View DetailsBroker & Direct5.49%2 YearsSVR£0£500NoNo80%£30,000£750,0002% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2

 

  • A discount of 2.50% off the Society’s SVR for 2 years, initial rate payable 5.49%. 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

 

Shared Ownership (Purchase)P019View DetailsBroker & Direct6.43%2 YearsSVR£199NilNoNo90% 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 6.43%. 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
Standard Variable Rate (Purchase & Remortgage)SV19View DetailsBroker & Direct7.99%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)

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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