We’re pleased to announce a number of updates across our mortgage range, including product enhancements and changes to pricing and fees.
As part of our ongoing commitment to maintaining a strong and sustainable lending proposition, we’ve made several changes designed to support brokers and their clients across our specialist lending range.
Product Enhancements
We’re delighted to introduce two key enhancements:
- The return of our 2 Year Fixed Expat Residential product, available for House Purchase applications.
- The removal of Early Repayment Charges (ERCs) from our Self Build product, providing borrowers with greater flexibility.
Summary of Changes
The latest updates include:
- Residential 2 Year Discount and 5 Year Fixed rate increases
- Buy to Let and Holiday Let 2 Year Discount rate increases
- Special Situations and Multi Unit rate increases
- Self Build rate increase, updated fee and removal of ERCs
- Expat Residential, Buy to Let and Holiday Let 2 Year Discount rate increases
- Launch of a new Expat Residential 2 Year Fixed product for House Purchase applications
For full product details and current rates, please refer to our latest product guides or contact the team for support. We’re always here to help you find the right solution for your clients.
Supporting Brokers
The Society encourages brokers who are unsure whether a case fits current criteria to contact the team for guidance. Penrith’s underwriting team remains available to review individual scenarios and discuss potential lending solutions.
For further information about any of these updates, brokers can contact the Intermediary Team at intermediaries@penrithbs.co.uk
