Penrith Building Society

Founded in 1877 as a mutual building society to help local people look after their money and buy their own homes, the original seal read "Every Man His Own Landlord", and today, they still uphold that principle by providing savings accounts and mortgages for homebuyers.

Whilst still attached to its traditional roots as a non-profit organisation, they recognise that the consumers of today wish to transact differently to those of 141 years ago.  Whether that be electronically or via a third-party such as a mortgage intermediary, Penrith Building Society provide the same supportive level of service they always have done - ensuring that all those that wish to embark upon homeownership - are considered fairly.

Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

All products                                                     0.35% + £25 (max £1,000)

All information correct as at 31/02/2019

All products                                                       0.35% (max £1,000)

All information correct as at 31/02/2019


The Penrith Building Society can help you with the following:

  • Buy to let
    o First time landlords / First time buyer landlords
    o Top Slicing
    o Guarantor BTL
    o ICR 2 levels.  One for BRT and one for HRT payers
  • Holiday Lets
  • Flexible approach to affordability (will consider using customers own numbers as long as realistic)
  • Agricultural restrictions/ Local Occupancy 106 agreements (Refer to lender for consideration)
  • Shared ownership
    o Up to 90% LTV
    o Min share as low as 25% (min loan £50,000)
    o Will consider properties with restrictions on a case by case basis

  • New Build up to 85% on flats / 90% on houses
  • Self-Build
    o No set ‘stages’
    o Max 75% LTV on land and build costs
    o Interest only available throughout the build
  • No MAX age
  • Max term 35 years (on residential)
  • No credit score – only a search
  • Will consider ‘minor’ credit issues, with satisfactory explanation
  • Newly self-employed (12 months) with track record
No telephone queuing systems.  You will always get through to the same, small and friendly team.

Postcode coverage

Penrith building society are available to advisers in Cumbria, Lancashire, Northumberland, Durham, North Yorkshire, West Yorkshire and Tyne & Weir but lend in the whole of England and Wales.

For a full list of postcodes, click here.


Penrith Building Society
7 King Street
CA11 7AR


No pre-registration is required, this will be done with your first application.