You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first two years. The early repayment charge will be equivalent to 2% of the capital repaid less the permitted 10% overpayment allowance in the first year and 1% of the capital balance repaid less the permitted 10% overpayment allowance in the second year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 2% on the excess amount in year 1 and 1% on the excess amount in year 2.

Where any part of the loan is arranged on an interest only basis, the interest only element must not exceed 50% LTV.  A suitable repayment vehicle sufficient to cover the interest only part of the loan needs to be in place.

This product may be withdrawn without notice.

Representative Example

A mortgage of £201,120 payable over 30 years on our discounted rate for 2 years at 2.45% below the Society’s standard variable rate, making the current rate payable 5.04% (variable) and then on our current variable rate of 7.49% (variable) for the remaining 28 years would require 24 monthly payments of £1,084.58 and 336 monthly payments of £1,389.30 plus one initial interest payment of £416.57. The total amount payable would be £493,965.29 made up of the loan amount plus interest (£292,795.29) and a mortgage exit fee of £50.

The overall cost for comparison is 7.3% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first two years. The early repayment charge will be equivalent to 2% of the capital repaid less the permitted 10% overpayment allowance in the first year and 1% of the capital balance repaid less the permitted 10% overpayment allowance in the second year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 2% on the excess amount in year 1 and 1% on the excess amount in year 2.

This product may be withdrawn without notice.

Representative Example

A mortgage of £201,120 payable over 30 years on our discounted rate for 2 years at 2.30% below the Society’s standard variable rate, making the current rate payable 5.19% (variable) and then on our current variable rate of 7.49% (variable) for the remaining 28 years would require 24 monthly payments of £1,103.13 and 336 monthly payments of £1,390.42 plus one initial interest payment of £428.96. The total amount payable would be £494,799.82 made up of the loan amount plus interest (£293,629.82)  and a mortgage exit fee of £50.

The overall cost for comparison is 7.3% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first two years. The early repayment charge will be equivalent to 2% of the capital repaid less the permitted 10% overpayment allowance in the first year and 1% of the capital repaid less the permitted 10% overpayment allowance in the second year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 2% on the excess amount in year 1 and 1% on the excess amount in year 2.

Where any part of the loan is arranged on an interest only basis, the interest only element must not exceed 50% LTV.  A suitable repayment vehicle sufficient to cover the interest only part of the loan needs to be in place.

This product may be withdrawn without notice.

Representative Example

A mortgage of £237,130 payable over 30 years on our fixed rate for 2 years at 5.39% and then on our standard variable rate of 7.49% for the remaining 28 years would require 24 monthly payments of £1,330.08 and 336 monthly payments of £1,641.09 plus one initial interest payment of £525.26.  The total amount payable would be £584,687.51 made up of the loan amount plus interest (£347,507.51) and a mortgage exit fee of £50.

The overall cost for comparison is 7.4% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first two years. The early repayment charge will be equivalent to 2% of the capital repaid less the permitted 10% overpayment allowance in the first year and 1% of the capital  repaid less the permitted 10% overpayment allowance in the second year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 2% on the excess amount in year 1 and 1% on the excess amount in year 2.

This product may be withdrawn without notice.

Representative Example

A mortgage of £237,130 payable over 30 years on our fixed rate for 2 years at 5.69% and then on our standard variable rate of 7.49% for the remaining 28 years would require 24 monthly payments of £1,374.80 and 336 monthly payments of £1,643.58 plus one initial interest payment of £554.49.  The total amount payable would be £586,626.95 made up of the loan amount plus interest (£349,446.95) and a mortgage exit fee of £50.

The overall cost for comparison is 7.4% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first five years. The early repayment charge will be equivalent to 5% of the capital repaid less the permitted 10% overpayment allowance in the first year, 4% of the capital repaid less the permitted 10% overpayment allowance in the second year, 3% of the capital repaid less the permitted 10% overpayment allowance in the third year, 2% of the capital repaid less the permitted 10% overpayment allowance in the forth year and 1% of the capital repaid less the permitted 10% overpayment allowance in the fifth year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 5% on the excess amount in year 1, 4% on the excess amount in year 2, 3% on the excess amount in year 3, 2% on the excess amount in year 4 and 1% on the excess amount in year 5.

Where any part of the loan is arranged on an interest only basis, the interest only element must not exceed 50% LTV.  A suitable repayment vehicle sufficient to cover the interest only part of the loan needs to be in place.

This product may be withdrawn without notice.

Representative Example

A mortgage of £237,130 payable over 30 years on our fixed rate for 5 years at 5.39% and then on our standard variable rate of 7.49% for the remaining 25 years would require 60 monthly payments of £1,330.08  and 300 monthly payments of £1,616.66 plus one initial interest payment of £525.26.  The total amount payable would be £565,846.76 made up of the loan amount plus interest (£328,666.76) and a mortgage exit fee of £50.

The overall cost for comparison is 6.9% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first five years. The early repayment charge will be equivalent to 5% of the capital repaid less the permitted 10% overpayment allowance in the first year, 4% of the capital repaid less the permitted 10% overpayment allowance in the second year, 3% of the capital repaid less the permitted 10% overpayment allowance in the third year, 2% of the capital repaid less the permitted 10% overpayment allowance in the forth year and 1% of the capital repaid less the permitted 10% overpayment allowance in the fifth year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 5% on the excess amount in year 1, 4% on the excess amount in year 2, 3% on the excess amount in year 3, 2% on the excess amount in year 4 and 1% on the excess amount in year 5.

This product may be withdrawn without notice.

Representative Example

A mortgage of £237,130 payable over 30 years on our fixed rate for 5 years at 5.64% and then on our standard variable rate of 7.49% for the remaining 25 years would require 60 monthly payments of £1,367.30  and 300 monthly payments of £1,622.03 plus one initial interest payment of £549.62.  The total amount payable would be £569,714.90 made up of the loan amount plus interest (£332,534.90) and a mortgage exit fee of £50.

The overall cost for comparison is 7.0% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first two years. The early repayment charge will be equivalent to 2% of the capital repaid less the permitted 10% overpayment allowance in the first year and 1% of the capital  repaid less the permitted 10% overpayment allowance in the second year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 2% on the excess amount in year 1 and 1% on the excess amount in year 2.

This product may be withdrawn without notice.

Representative Example

A mortgage of £237,130 payable over 30 years on our fixed rate for 2 years at 5.84% and then on our current variable rate of 7.49% (variable) for the remaining 28 years would require 24 monthly payments of £1,397.41  and 336 monthly payments of £1,644.78  plus one initial interest payment of £569.11.  The total amount payable would be £587,589.29 made up of the loan amount plus interest (£350,409.29) and a mortgage exit fee of £50.

The overall cost for comparison is 7.5% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first five years. The early repayment charge will be equivalent to 5% of the capital repaid less the permitted 10% overpayment allowance in the first year, 4% of the capital repaid less the permitted 10% overpayment allowance in the second year, 3% of the capital repaid less the permitted 10% overpayment allowance in the third year, 2% of the capital repaid less the permitted 10% overpayment allowance in the forth year and 1% of the capital repaid less the permitted 10% overpayment allowance in the fifth year. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 5% on the excess amount in year 1, 4% on the excess amount in year 2, 3% on the excess amount in year 3, 2% on the excess amount in year 4 and 1% on the excess amount in year 5.

This product may be withdrawn without notice.

Representative Example

A mortgage of £237,130 payable over 30 years on our fixed rate for 5 years at 5.79% and then on our standard variable rate of 7.49% for the remaining 25 years would require 60 monthly payments of £1,389.86  and 300 monthly payments of £1,625.16 plus one initial interest payment of £564.24.  The total amount payable would be £572,025.26 made up of the loan amount plus interest (£334,845.26) and a mortgage exit fee of £50.

The overall cost for comparison is 7.1% APRC representative.

This representative example assumes a mortgage completion date on the 15th day of a calendar month.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Open to residents of the EU/EEA with the exception of Italy and The Netherlands

You can repay lump sums over and above your minimum monthly repayment without any early repayment charge of up to 10% of your capital balance each year. Your capital balance is calculated when you take out your mortgage at each anniversary.  Full details will be found in your Mortgage Illustration (ESIS).

An early repayment charge will be payable if the mortgage is redeemed within the first two years. The early repayment charge will be equivalent to 1% of the capital repaid in year 1 and 0.5% of the capital repaid in year 2 less the permitted 10% annual overpayment allowance. Overpayments (monthly or lump sum) up to a total of 10% of the outstanding loan per year are allowed without charge. Any amount repaid over the 10% limit will incur an early repayment charge of 1% of the excess amount in year 1 and 0.5% of the excess amount in year 2.

Available for purchases, remortgages and mortgages on existing owner occupied (unencumbered) property and where the borrower works in the UK or overseas for a multinational company but is paid in a currency other than GBP. Acceptable currencies are: Australian Dollars, Canadian Dollar, Chinese CNY/RMB, Denmark Krone, Euro, Hong Kong Dollars, Norway Krone, Qatari Ryals, Saudi Ryal, Singapore Dollars, Swedish Krone, Swiss Francs,  US Dollar, U.A.E. (Emirati) Dirhams.

Minimum income £40,000 (sterling equivalent). For the purposes of affordability, income will be subject to 20% (haircut) reduction, prior to any affordability assessment or the application of a stress test.

Representative Example

A mortgage of £160,960 payable over 25 Years initially on this Variable rate product for 2 years at 5.58% and then on our Standard Variable Rate (SVR), currently 7.49% for the remaining term of the mortgage, would require 24 monthly payments of £996.14 and 276 monthly payments of £1,176.79.

The total amount payable would be £350,576.29 made up of the loan amount plus interest (£187,740.29), a product fee of £1,499, a valuation fee of £297, other lending fees of £30 and a mortgage exit fee of £50.

The overall cost for comparison is 7.3% APRC representative

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from Penrith Building Society.  They are not specific to your circumstances. For a Mortgage Illustration, which takes into account your specific circumstances please contact us directly using the button below.

Contact us

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.