Penrith Building Society

I’d like to know more about Holiday Home mortgages

Being based in the beautiful Lake District we have supporting our members purchase holiday accommodation for a number of years.  Whether you are looking to buy (or remortgage) a second home for your own use or acquire a property to use as a holiday let, we have products within our range to assist.

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
Holiday Let (Purchase & Remortgage)P011View DetailsDirect & Broker4.25%3 YearsSVR£249£800NoNo70%£30,000£500,0002.00% During Disc Period

  • A discount of 0.50% off the Society’s SVR for 3 years, initial rate payable 4.25%. 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
  • Second Home (Purchase & Remortgage)H2NDView DetailsDirect & Broker3.25%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


    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.
    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. Full details will be included within your ESIS 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.
    Jargon Buster

    Try our Jargon Buster

    To make life a little easier we have create a simple Jargon Buster to help you with terms you are unsure of.

    Find the Answer
    Mortgage Calculator

    Mortgage Calculator


    Protecting your Mortgage

    Book an appointment

    Request an appointment