Furness Building Society has announced a reduction in rates on its 2-year residential discount products for cases up to 60% and 80% loan-to-value (LTV).
The 80% LTV product will see a 0.21% decrease, while the 60% LTV product will have a 0.14% reduction, demonstrating Furness’s commitment to providing competitive mortgage products across England, Scotland, and Wales.
The new products come with a £999 fee, which can be paid upfront or added to the loan. Additionally, a £250 cashback is included to assist clients.
Furness will consider applications from employed clients as well as those with complex incomes, such as the self-employed, by evaluating each case individually and considering pre-tax profits for affordability assessments.
Alasdair McDonald, head of Furness for Intermediaries, said: “We’ve been working really hard to deliver excellent value in our range of mortgages, and we believe this rate reduction highlights this.
“We often help our broker partners understand their clients’ accounts with self-employed cases, and our experienced underwriters will always try to find a way to say yes.”
