Furness has cut rates across its residential, buy-to-let, and holiday let product range.
This new range includes 2-year fixed rates starting at 4.89% for cases up to 80% loan-to-value (LTV), 5.10% for cases up to 85% LTV and 5.23% for cases up to 90% LTV.
For clients looking for a longer term, 5-year options are also available, with rates starting from 4.69% for cases up to 80% LTV – these products carry a £999 but fee free options are available at 90% LTV.
Alasdair McDonald, head of intermediaries for Furness, said: “These new price reductions, coupled with our ability to look at cases individually means that we are always looking for a way to say yes.
“With easy access to our broker hub we’re on hand to talk you through your next case.”
For landlords, the Furness is able to offer a range of Unregulated, Regulated up to 80% LTV and Holiday Lets up to 75% LTV.
Their lowest rate buy-to-let product is a 2-year discount with a pay rate of 4.64% for cases up to 75% LTV and a 5-year fixed rate with a pay rate of 5.29% for cases up to 75% LTV.
As with all buy-to-let products from Furness, applications will be assessed based on an applicant’s overall financial situation – however, the gross anticipated rent should be at least 125% of the interest charges at the initial pay rate.
Earned income together with mortgage and other credit commitments will be reviewed personally by an underwriter.
This enables Furness to consider a wider range of cases that present good quality, low risk lending.
All residential, buy to let and holiday let products come with £250 cashback. These products are available for cases across England, Scotland and Wales.
