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We want to be nationally recognised as a modern mutual which is steeped in its community and has simple great value products backed by individual personal service and PRIDE.
Our vision for the future
Penrith Building Society
Penrith Building Society Vision for the Future

About Us

What would you like to know?

  • Key Commitments
  • Our History
  • Meet the Board
  • Why choose us?
As part of our values we will:

Conduct ourselves in a way that aims to deliver fair outcomes for you and we will put the interests of you our members and customers and the integrity of the market at the core of what we do.

Act fairly and reasonably with you at all times and treat you with courtesy and patience.

Help you understand how an investment or mortgage account works and give you information on our products and services in plain language to enable you to choose a product or service which fits your needs.

Help you understand the financial implications of our different products and services.

Listen to you and consider any suggestions that you have about our products and services and correct errors and handle all complaints speedily. Ensure that our products and services meet all relevant laws and regulations.

The History of the Society

Penrith is a small historic and beautiful town to the north-east of the Lake District.  The Society was founded in 1877 as a mutual building society to help local people look after their money and buy their own homes.

Our original seal reads "Every Man His Own Landlord", and we still strive to uphold that principle by providing savings accounts and mortgages for home buyers.

These days Penrith Building Society is still attached to its traditional roots as a non-profit organisation to benefit our members and to aim to provide simple good quality products.

Meet the Board
Rob Cairns, Non-executive Director and Chairman
Rob Cairns, Non-executive Director and Chairman

Rob joined the Board in May 2013 having retired from the Furness Building Society where he was chief executive for 14 years. Prior to this he was the deputy chief executive at the Cumberland Building Society. He is a graduate of the University of Sussex, holding a degree in Psychology. Following his retirement he has remained actively involved in the Cumbrian business community and is currently treasurer of the Cumbria Community Foundation. He is a sports fan, particularly when it comes to football and cricket. He has two grown-up daughters and recently became a grandfather.
He took over as Chairman of the Board in October 2014.

Amyn Fazal, Chief Executive
Amyn Fazal, Chief Executive

Amyn was educated at the King’s School, Canterbury and at Reading University and is a Fellow of the Charted Institute of Bankers. He worked with Nationwide for 30 years in a wide range of roles and came to Penrith as deputy chief executive in January 2011 from the Furness Building Society where he was general manager (operations). He was appointed to the role of chief executive on 1 January 2013 following the retirement of Chris Hayward.  Amyn is married and has three children. A keen runner and walker, Amyn also enjoys music, films and cooking.

Elspeth James, Finance Director
Elspeth James, Finance Director

Elspeth was born in Carlisle and studied at Edinburgh University where she qualified with a mathematics and statistics degree. Elspeth then gained over 17 years’ accounting experience with KPMG and Johnston Carmichael where she worked with retail banking clients and other building societies both in the UK and Australia. Elspeth became the finance director of Penrith Building Society at the start of 2013. She lives with her partner and two Airedale terriers in Penrith and enjoys running and pilates in her spare time.

Alan Waterfield, Non-executive Director and senior independent director
Alan Waterfield, Non-executive Director and senior independent director

Alan was educated at Dulwich College and the University of Sussex and has a degree in economics. He qualified as an accountant in 1996 whilst working for Andersen Consulting. He enjoys working in smaller organisations and has held several finance director roles, primarily in telecoms and technology businesses over recent years. He moved to Cumbria with his wife, who was from Penrith and two children following a number of years in the London area.  He became a director of Penrith Building Society in 2010 and was appointed to the position of senior independent director in 2013. He loves sport including cycling, hockey , rugby and cricket.

Janice Lincoln, Non-Executive Director and chair of Audit and Compliance Committee
Janice Lincoln, Non-Executive Director and chair of Audit and Compliance Committee

Janice was born in Darlington and has spent all of her 38 year career at Darlington Building Society working her way up through the ranks to become Finance Director in 2010. She qualified with the Association of Chartered Certified Accountants in 2000 and became a fellow in 2005. She is also a member of the IFS. Having worked in retail banking all her life she has a vast knowledge of financial aspects of Building Societies and strategic focus. She is married with two grown up daughters and is passionate about mutuality and the role a local Building Society plays in its local community. She will retire from the Darlington Building Society in early 2015 and will pursue her passion for gardening and travelling the world.

William Lindsay, Non-executive Director
William Lindsay, Non-executive Director

Will was born in Inverness, is married and now lives near Carlisle having moved here to be near his family. He brings a wealth of banking and lending experience having held several senior roles at Clydesdale Bank in London, Glasgow and Cumbria and he is a fellow of the Chartered Institute of Bankers in Scotland. most recently, Will used his significant banking knowledge, passion for customer service and experience to support an initiative requested by a major bank to improve banking standards. Will has been a director of Penrith Building Society since 2015 and takes a keen interest in the community and enjoys sport both as a participant and a spectator

Why Choose Penrith Building Society

As a mutual building society we are a membership based 'not-for-profit' organisation.

We work with a personal approach and try to make customers feel comfortable borrowing and saving with us.

Our staff are caring and efficient and will listen to all of our members' needs.

We aim to provide simple good quality products.

We offer attractive rates on both our savings accounts and mortgages.