Penrith Building Society Equity Release
Penrith Building Society Lifetime Mortgage Review
Are You Considering Penrith Building Society Equity Release? What are the Pros, Cons & Costs? Discover If Penrith Building Society Lifetime Mortgage Plans are for You.
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Penrith Building Society Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Penrith Building Society equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What Is Equity Release?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Learn More: What’s Equity Release?
How Does Equity Release Work
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
What About the Penrith Building Society Equity Release Calculator?
Before you consider using the Penrith Building Society equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Penrith Building Society. So first use this calculator below & see how much you can release.
How Much Can You Release?
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It's VERY FAST, takes just 8 seconds
Why get a free quote?
About the providers we compare
Most popular reasons for releasing equity
Penrith Building Society Reviews & Ratings
Penrith Building Society's Equity Release & Lifetime Mortgage Schemes
Not what you're looking for?
Who Are Penrith Building Society?
Penrith Building Society is a UK building society based in Penrith, Cumbria. It is a member of the Building Societies Association.
Penrith Building Society is a membership-based ‘not-for-profit’ organisation as a cooperative building society. They take a personal approach to their job and strive to make consumers feel at ease when borrowing and saving with them. Their employees are friendly and helpful, and they will attend to all of their members’ demands. They want to make simple, high-quality items. They have competitive interest rates on both savings and mortgages.
They’ve been helping generations of savers and borrowers through their financial services needs since 1877, when they first opened our doors in the beautiful town of Penrith. While they’ve changed quite a bit since then to keep up with the times, their ethos has remained the same – to provide fair, straightforward services with their members at the heart of everything they do.
As a mutual organisation they exist for their members and they’ve spent the past 140 years building a reputation as a Society that people can have the utmost trust and confidence in.
7 King Street
CA11 7ARC A 1 1 7 A R
- Penrith Building Society
FCA Permitted Services
- Mortgages & Home Finance
- Other Services
- Financial Conduct Authority
- Financial Services Authority
- FCA Ref Number: 164473
- FCA Reg Number: 0000434B
Penrith Building Society Info
Got Questions About Penrith Building Society & Lifetime Mortgages? Check These First
Is Penrith Building Society A Member of the Equity Release Council?
No. Penrith Building Society is not a member of the Equity Release Council.
What Are Penrith Building Society's Interest Rates?
Penrith Building Society’s current interest rates for new lending are:
- Remortgage – from 3.99% to 9.49%
- Release equity from your home – from 3.29%
Who Owns Penrith Building Society?
Penrith Building Society is a mutual society and as such, is owned by its members and run for their benefit.
Where is Penrith Building Society Located?
Penrith Building Society is located in Penrith, Cumbria.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
See how much you can release today!