Penrith Building Society
Penrith Building Society

Penrith Building Society

Arranging a mortgage can be a daunting experience and at Penrith Building Society we recognise the specialist skills and value that you, as a mortgage intermediary provide to your clients.  We have a small, highly skilled mortgage team, based in Penrith, Cumbria who will support you with your cases from enquiry to submission.

Whether it be a remortgage or a purchase, we understand that you want your client to receive an outstanding, personable service, where their circumstances are assessed on an individual basis.  We excel in understanding the complex and will always do our best to support you in supporting your clients.

Proc Fees

Product Gross Net
Fee Min Max Fee Min Max
New Business 0.45% £1,500 0.43% £1,382
Product Transfers 0.30% £750 0.28% £712
Product Type When does the lender pay PMS? Frequency
All Within 2 weeks Monthly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


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Register to place business with Penrith Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.


Key Features:

  • Lending throughout England, Scotland (mainland) and Wales
  • Up to 90% LTV
  • No credit scoring 
  • Complex incomes considered
  • No max age
  • All cases are manually assessed taking overall circumstances into consideration
  • Cases are considered on suitability and affordability
  • Unusual properties / restrictive covenants considered
  • Agricultural restrictions/ Local Occupancy 106 agreements (refer to lender for consideration)
  • Credit issues considered
  • Multiple loan parts available

Penrith Building Society can help you with:

  • FTLL / FTBL / non-owner occupier for BTL loans (min income £20k)
  • Top-slicing available on BTL
  • Guarantor BTL
  • Expat products in range for residential and BTL
  • Income derived in foreign currency acceptable
  • Retirement Interest Only (RIO) available on STANDARD rates
  • Interest only with sale of property as repayment vehicle acceptable
  • Flexible approach to affordability (will consider using customers own numbers as long as realistic)
  • Newly self-employed (12 months) with track record
  • Holiday Lets
  • Multi-Unit properties (annexes / small outbuildings)
  • New Build – up to 90% LTV on houses

Get in touch:

Penrith Building Society have a dedicated support team who are more than happy to answer any questions you may have about products and criteria. Please get in touch by calling 01768 863675 or visiting

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