Intermediary Mortgage Products
The Society offers a diverse range of variable rate mortgage products. Many of which have the benefit of an initial discount off our standard variable rate, currently 7.99%.
This wide range offers solutions for purchasers, those looking to remortgage and those looking to finance a buy to let property.
You can find out more about our fees by visiting our Tariff of Charges and Valuation Fees pages.
To find out mortgage about our lending criteria, visit our handy criteria finder.
The information contained within this page is for professional intermediary use only. If you are not a mortgage intermediary, please return to our consumer mortgage page
Scroll down for Penrith Mortgage Hub, Products and Lending Criteria links.
Products | Prod Code | More Details | Distribution | Initial Rate | Initial Period | Reverts to | App Fee | Product Fee | Free Val? | Fee Assisted Legals? | Max LTV | Min Loan Amount | Max Loan Amount | ERC | Features |
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Special Situations Mortgage | S804 | View Details | Broker & Direct | 6.49% | 3 Years | SVR | £0 | £799 | No | No | 75% | £30,000 | £400,000 | 2% of capital repaid less the overpayment allowance in years 1 & 2 and 1% of the capital repaid less the overpayment allowance in year 3 |
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Multi-Unit Mortgage (Purchase & Remortgage) | P024 | View Details | Broker & Direct | 5.99% | 3 Years | SVR | £0 | £799 | No | No | 50% IO, 80% C&I | £30,000 | £500,000 | 2% of capital repaid in years 1 and 2 and 1% of capital repaid in year 3 |
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2 Year Heartland Discount Purchase 95% | P043 | View Details | Broker & Direct | 5.79% | 2 Years | SVR | £0 | £0 | No | No | 95% | £30,000 | £400,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2 |
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2 Year National Discount Purchase | P045 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £799 | No | No | 90% | £30,000 | £500,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2 |
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2 Year Heartland Discount Purchase 80% | P044 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £0 | No | No | 80% | £30,000 | £750,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2 |
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2 Year National Remortgage Discount | R276 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £799 | Yes | Yes | 80% | £30,000 | £750,000 | 2% of amount repaid in year 1 in excess of overpayment allowance in year 1 and 1% of the amount repaid in excess of the overpayment allowance in year 2 |
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2 Year Heartland Remortgage Discount | R275 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £0 | Yes | Yes | 90% | £30,000 | £500,000 | 2% of amount repaid in year 1 in excess of overpayment allowance in year 1 and 1% of the amount repaid in excess of the overpayment allowance in year 2 |
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Heartland Self Build/Renovation (Purchase & Remortgage) | P036 | View Details | Broker & Direct | 5.99% | 3 Years | SVR | £0 | £999 | No | No | 75% | £30,000 | £500,000 | 3.00% During Disc Period |
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Standard Variable Rate (Purchase & Remortgage) | SV19 | View Details | Broker & Direct | 7.99% | N/A | N/A | £0 | £500 | No | No | 90% | £30,000 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | Yes | None |
Buy to Let (Purchase) | P039 | View Details | Broker & Direct | 5.59% | 3 Years | SVR | £0 | £999 | No | No | 70% | £30,000 | £500,000 | 2% of capital repaid in years 1 and 2 and 1% of capital repaid in year 3 |
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Buy to Let (Remortgage) | R270 | View Details | Broker & Direct | 5.59% | 3 Years | SVR | £0 | £999 | Yes | Yes | 70% | £30,000 | £500,000 | 2% of capital repaid in years 1 and 2 and 1% of capital repaid in year 3 |
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Holiday Let (Purchase & Remortgage) | P038 | View Details | Direct & Broker | 5.59% | 3 Years | SVR | £0 | £999 | No | No | 70% | £30,000 | £500,000 | 2% of capital repaid in years 1 and 2 and 1% of capital repaid in year 3 |
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Residential Further Advance | ADBR | View Details | Broker & Direct | 5.99% | 2 Years | SVR | £0 | £99 | No | No | 90% | £5,000 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | 2% of capital repaid in year 1 and 1% of capital repaid in year 2 |
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