Furness has made a number of buy-to-let (BTL) and residential mortgage rate cuts across its existing product range by up to 0.65%.
The biggest reductions were made across its BTL unregulated, regulated and consumer let and holiday let products.
There are 2-year and 5-year options available for clients looking for a mortgage up to 80% loan-to-value (LTV), with rates starting from 5.19%.
As with all buy-to-let products from Furness, applications will be assessed based on an applicant’s overall financial situation – not by simply using an Interest Cover Ratio (ICR) calculation.
Earned income together with mortgage and other credit commitments will be reviewed personally by an underwriter.
The lender has also made a range of reductions across its residential products.
This new range includes a 2-year fixed rates starting at 4.85% for cases up to 75% LTV, 4.89% for cases up to 80% LTV, and 5.34% for cases up to 90% LTV.
For clients looking for a longer term, 5-year options are also available, with rates starting from 4.66% for cases up to 80% LTV.
To help clients who are moving home, all products in this new range include £250 Cashback.
Alasdair McDonald, head of intermediaries for Furness, said: “We are proud to offer continued support to our intermediary partners, and our competitive products coupled with our flexible approach to underwriting means that we are able to service a wide range of buy-to-let cases.
“Whether your client is an experienced property investors or first-time landlords, we can help find them ideal buy-to-let mortgage solution.”
