About Penrith Building Society
Penrith Building Society can be found in the north-east
of the Lake District. They were founded in 1877. They offer mortgages for
properties outside the Society’s local area (i.e. Cumbria) to a maximum loan to
value is 75% and the maximum loan that the Society will consider within the
local area is 90%. They are members of the UK’s building societies association
and are authorised and regulated by the FSA.
Penrith Building Society information
Head Office - Penrith Building Society, 7 King Street,
Penrith, Cumbria, CA11 7AR. Tel 01768 863675
Branch Offices – N/A
Financial Products
Savings Accounts – Savings accounts include Beacon an
Instant Access provided balance left after withdrawal is at least £10000.
Otherwise 90 day notice or 90 day loss of interest, Tax Free cash ISA, Eden 30
or 60 Day Notice Accounts, Deposit Account s for corporate bodies, client
accounts, trusts etc and a Junior Saver Account.
Mortgage Accounts – Mortgages include discount and fee
free messages.
Insurance - N/A
Other Services – N/A
Financial Results Year Ended 31/12/2010
For the year they made a profit after tax of £86,010
(£336,981)
Mortgage Lending - Gross lending increased over 2009’s
low of under £6m to over £8.7m. There were again no repossessions in the year
and there were only 2 mortgages 12 or more months in arrear at 31st December
2010. During 2010 mortgage lending totalled £8,777,270. There were 105
advances, including 38 further advances. There was a reduction of over £1.4m in
mortgage balances over the year.
Savings – Share and deposit balances at 31st December
2010 totalled £78,520,432, an increase of £148,768 over 2009 levels.
Penrith Building Society
Directors
Executive Directors – C Hayward and P Richardson,
Non Executive Directors – P O'm Campbell, D Driver, J S Hollins-Gibson,
G M Rigg, G Silburn, A Waterfield, Lord Hothfield,
Membership Numbers – 788 borrowing members and 6,011 investing (saving) members.
Other information – website
penrithbuildingsociety.co.uk.
