Penrith Building Society is based in Cumbria and still has strong ties to the local area. It is an award winning Building Society and has won the What Mortgage award for 'Best Regional Lender' twice since 2000. It is a mutual society, which means it is there for the benefit of its members, and not its share holders.
Because the Penrith is a mutual organisation, it is fully accountable to its members and because it is a mutual company, it can return its profits to its customers in the form of great rates on its products, and they believe that they are able to offer their customers better service, too.
Although the Penrith Building Society sells its mortgages throughout England and Wales, outside of Cumbria it will only loan up to 75% of the value of the property you want to purchase or remortgage.
The products offered by the Penrith Building Society should be considered if you are looking for a Discount Scheme mortgages, Daily Interest Mortgages or Flexible Mortgages.
We suggest that the best way to find out whether Penrith Building Society (or any other lender for that matter) offers the best mortgage for you is to talk to an FSA-qualified mortgage adviser. Since advisers are impartial, they will be able to give you a fair comparison with every other UK mortgage and help you truly find the right one.
By filling in our mortgage form you will obtain impartial mortgage advice and a quote, representative of the whole of market, with no strings attached.