Furness Building Society has announced widespread rate cuts across its residential, buy-to-let and holiday let mortgage offerings, including its increasingly popular Shared Ownership range.
The changes include a new 2-year fixed rate at 4.55% for residential mortgages up to 90% LTV, providing brokers with a compelling solution for clients with smaller deposits.
Within the Shared Ownership range, rates now begin at 4.24%, with options available up to 95% Loan to Share (75% LTV) – aimed at helping more first-time buyers gain a foothold on the property ladder.
All cases at Furness continue to be manually underwritten, with no reliance on credit scoring – a hallmark of its flexible, personal approach to mortgage lending. This makes it a strong option for clients who may not fit traditional lending criteria, including those with complex income or self-employment.
Jonathan Cartlidge, head of member & broker strategy at Furness Building Society, said: “We know how important it is for brokers to have options for clients who need a more personal approach. Whether it’s a first-time buyer using Shared Ownership, or someone with non-standard income, our underwriters take the time to understand the case. These new rates – across all our key product areas – are another way we’re making it easier for brokers to place those trickier cases.”
All products come with a £250 cashback incentive and are available for properties across England, Scotland and Wales. Shared Ownership lending is open to applicants throughout England and Wales, and Furness is willing to consider a wide variety of client circumstances.
