Furness lowers mortgage rates across residential, buy-to-let and shared ownership

Furness Building Society has announced reductions across its full mortgage range, including residential, buy-to-let and holiday let products, with new lower rates also introduced on its Shared Ownership offering.

The revised range includes a 2-year fixed rate at 4.55% for residential borrowers with up to 90% loan-to-value, targeting clients with smaller deposits.

In its Shared Ownership range, rates now begin at 4.24% for products up to 95% Loan to Share, equivalent to 75% LTV, with availability across England and Wales.

The lender continues to offer manual underwriting on all cases, maintaining a flexible approach for clients with non-standard income or complex circumstances.

Its Shared Ownership criteria apply to both employed and self-employed borrowers.

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 mortgage products include a £250 cashback and are available on properties across England, Scotland and Wales.

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