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

Moving Home with Penrith Building Society

I’d like to move home

Moving home can be both exciting and a little bit daunting. Our qualified mortgage advisors have helped hundreds of borrowers realise their home ownership ambitions.

Whether you are upsizing, down-sizing or even just moving side-ways, we apply an individual approach to each and every case we assess – meaning that if you have circumstances that would benefit from a hands-on underwriting approach, we might be just the right lender for you.

To find out more, give one of our team a call – we are even here on Saturday mornings to help with your enquiry.

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
2 Year Discount (Purchase)P001View DetailsDirect Only2.75%2 YearsSVR£199£500NoNo90%£30,000£275,0002% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

Eden Mortgage BoostEMB4View DetailsBroker & Direct3.99%2 YearsSVRNILNILYesYes95%£30,000£171,0002.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
For owner occupation only.
This scheme is not portable.
Applicant(s) must meet criteria.
HLC paid by Eden District Council.

2 Year Discount – Large Loan (Purchase)P002View DetailsDirect Only2.75%2 YearsSVR£699£500NoNo90%£275,001£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)2.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

2 Year Discount – Large Loan (Remortgage)R252View DetailsDirect Only2.75%2 YearsSVR£699£500NoYes90%£275,001£750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%)2.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

2 Year Fixed Rate (Purchase)P008View DetailsDirect Only2.99%2 YearsSVR£199£800NoNo90%£75,000£250,0003% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

Fees Assist Discount (Purchase & Remortgage)ASFEView DetailsBroker Direct3.25%2 YearsSVRNilNilYesYes90%£75,000£275,0002.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year
Portable

Shared Ownership (Purchase)P003View DetailsBroker & Direct2.95%2 YearsSVR£199NilNoNo90% of share£50,000£250,0001.80% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
Portable

Standard Variable Rate (Purchase & Remortgage)SV19View DetailsBroker & Direct4.75%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 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 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.
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