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

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.

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Proc Fees

Product	Gross			Net
Product	Fee	Min	Max	Fee	Min	Max
New Business	0.38%		£1,500	0.35%		£1,382
Product Transfers	0.20%		£750	0.19%		£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 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 www.penrithbs.co.uk/intermediaries.