Furness Building Society has expanded its mortgage offerings to better support first-time buyers (FTBs) and those seeking affordable housing.
The range features a 2-year fixed rate mortgage at 4.73% for up to 90% loan-to-value (LTV).
This option is tailored for customers with smaller deposits and is available in England, Scotland, and Wales, complete with a free valuation and a £999 fee.
Additionally, enhancements have been made to Furness’s Shared Ownership offerings.
The revised products include a 2-year fixed rate starting at 4.45% and a 5-year fixed rate starting at 4.28%, both up to 85% loan to share, catering to those investing in a portion of a property while aiming for long-term affordability and stability.
Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “At Furness, we’re committed to evolving our product range to meet the needs of today’s borrowers.
“These latest enhancements, including our new 90% LTV product and improved Shared Ownership options, reflect our ongoing efforts to support intermediaries and customers alike with competitive rates and practical solutions.”
