"The use of regional building societies has grown through 2018, as they provide great lending options for clients that need something different"
Penrith's lending range includes products for joint borrower/sole proprietor, guarantor buy-to-let, holiday let and retirement interest-only.
Michelle Stevens, retail operations and distribution executive at Penrith Building Society, commented: “We are delighted to join the Legal & General Mortgage Club panel. We are confident that we will be providing access to criteria and products that will be of considerable interest to their members over the years to come. We are very much looking forward to working with such a highly regarded partner.”
Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “The use of regional building societies has grown through 2018, as they provide great lending options for clients that need something different and a more human approach to underwriting. Although Penrith Building Society may be small, they have still found niche areas where they can truly add benefit for our members.”
