Build My Own Home with Penrith Building Society

I’d like to build my own home

A self-build gives you the chance to build something that is yours from the ground up. Don’t worry, this doesn’t mean you have to lay every brick yourself – a self-builder is just someone who commissions the home they end up living in.

We can help you get started by providing mortgages on self-build projects AND renovation projects.

ProductsProd CodeMore DetailsDistributionInitial RateInitial PeriodReverts toApp FeeProduct FeeFree Val?Fee Assisted Legals?Max LTVMin Loan AmountMax Loan AmountERCFeatures
Self Build/Renovation (Purchase & Remortgage)P004View DetailsBroker & Direct4.99%2 YearsSVR + 0.75%£249£750NoNo75%£30,000£275,0003.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
For owner occupation only

Self Build/Renovation – Large Loan (Purchase & Remortgage)P005View DetailsBroker & Direct4.99%2 YearsSVR + 0.75%£749£750NoNo75%£275,001By Individual Agreement3.00% During Disc Period

Overpayments up to 10% of the outstanding loan per year.
For owner occupation only


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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