Furness has reduced its rates for both residential and buy-to-let properties across England, Scotland and Wales and introduced new 5-year fixed rate options.
The new range of residential products includes a 3.49% 2-year discount (£999 fee) for cases up to 60% LTV, and an interest only option with a pay rate of 3.69% (£999 fee) for cases up to 70% LTV.
For clients looking for a longer-term product, Furness offers a 5.49% 5-year fixed rate (£999) for cases up to 60% LTV, as well as this there is a 5-year fixed rate interest only option with a 5.69% pay rate for cases up to 70% LTV.
Alasdair McDonald from Furness for Intermediaries, said: “The launch of these new products gives both our new and existing customers greater choice when they are looking for a lender who can help with their mortgage.
“As well has having competitive rates available, a further benefit of using the Furness is that our bespoke underwriting process means that each case is looked at individually by our team of underwriters who have a strong understanding of complex cases.”
Additionally, all products in this new range include £250 Cashback.
DIPs and applications for the new products are welcome from both purchasers and those looking to re-mortgage and can be submitted via the Society’s online submission system.
