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Penrith Building Society, 7 King Street, Penrith, Cumbria, CA11 7AR

Penrith Building Society

Penrith Building Society was formed in 1877 and whilst there has been a lot of change since then, our purpose is the same today as it was then: to help people own their own home and help people save for their future.

Our product range is designed to meet the needs of borrowers in 2024, where the High Street Lenders say No.

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Proc Fees

Product	Gross			Net
Product	Fee	Min	Max	Fee	Min	Max
New Business	0.45%		£1,500	0.43%		£1,382
Product Transfers	0.30%		£750	0.28%		£712

Proc fees - when your proc fee will be paid

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.

Overview

Register

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 based on affordability rather than LTI
BTL lending available in Scotland (incl Expat)
Top slicing available on UK and Expat BTL
Interest only (Resi) available up to 50% LTV and min equity of £200k
Lend in England, Scotland and Wales.

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 www.penrithbs.co.uk/intermediaries.