Furness Building Society has introduced higher loan-to-value (LTV) options for residential borrowers and refreshed its holiday let range.
The holiday let range now features a 4.79% 2-year fixed rate for cases up to 75% LTV.
Every holiday let application is reviewed by an experienced underwriter who considers seasonal income, occupancy trends and property potential in full.
The society allows up to 90 days personal use for holiday let properties.
It has also expanded its residential range with new high LTV options at both 90 and 95%.
These products include a 4.23% 2-year fixed rate for cases up to 90% LTV.
This range supports first-time buyers and home movers who require lower deposit routes, and benefit from Furness’s personal, case by case underwriting approach.
Jonathan Cartlidge, head of member and broker strategy, said: “Our strengthened Holiday Let offering and new high LTV Residential products reinforce our commitment to giving brokers the flexibility they need.
“Combined with our wider Buy to Let proposition and our personal approach to underwriting, these updates ensure we continue to offer a well rounded and supportive range.”
