Furness has reduced its rates by up to 0.24% for selected products within its residential and buy-to-let (BTL) mortgage ranges.
The new range of residential products includes a 2-year discount with a pay rate of 4.99% for cases up to 80% loan-to-value (LTV) and a 2-year fixed rate product at 5.04% for cases up to 80% LTV.
For clients with a 10% deposit, there is now a 5.39% 2-year discount available, or a 5.33% 2-year fixed rate product available.
All products in the residential product range carry a £999 fee which can be paid up front or added to the loan, and to help clients who are moving home, all products in this new range include £250 cashback.
Furness will also consider cases involving more complex income structures, including those of self-employed individuals.
For landlords, Furness is able to offer a range of fixed rate unregulated, regulated and consumer buy-to-lets up to 80% LTV and holiday lets up to 75% LTV.
Its lowest rate buy-to-let product is a 2-year fixed with a pay rate of 4.89% for cases up to 65% LTV.
Jonathan Cartlidge, head of customer strategy, said: “We are excited to introduce this new range of products to brokers across England, Scotland, and Wales.
“While we aim to remain competitive for our brokers, it is crucial to note that we do not use credit scoring.
“Each case is individually reviewed by an experienced underwriter, enabling us to handle complex cases with a flexible approach in our decision-making process.”
