Furness reduces rates for residential and buy-to-let mortgage products

Furness has reduced rates across the majority of its residential and buy-to-let (BTL) product ranges.

Residential products now include a 5.24% 2-year fixed rate for cases up to 75% loan-to-value (LTV), and a 5.34% 2-year fixed rate for cases up to 80% LTV.

For clients looking for a longer-term product, Furness is also offering a 5-year fixed rate product at 5.49% for cases up to 90% LTV.

To support first-time buyers, the society has joint borrower sole proprietor (JBSP) products, where one of the joint borrowers is not going to be a co-owner, and all products in this range come with £250 Cashback.

In terms of buy-to-let, Furness offers unregulated, regulated and consumer let products up to 80% LTV. 

There are 2-year and 5-year options available to clients with the rates starting from 5.34%

Earned income together with mortgage and other credit commitments will be reviewed personally by an underwriter.

Alasdair McDonald, head of intermediaries at Furness, said: “We’re delighted to launch our new range of products to brokers across England, Scotland, and Wales.

“With our individual approach to underwriting, we can cater for the straightforward cases as well as those that need a closer look and a personal touch.”