Furness for Intermediaries reduces 2 year fixed rates

The lender has repriced a number of its 2 year fixed rate products with a competitive edge across the changes.

The lowest rate on offer with Furness is the 2 year fixed rate at 60% LTV priced competitively at just 1.09%, with a £1,499 fee, which can be paid up front or added to the loan. 

At 75% LTV the 2 year fixed rate sees a reduction of 10bps to 1.19% with a £1,499 fee. 

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland.  Furness is also offering a free valuation on purchases with the above products giving even more value for customers looking to save on home moving costs.

In the 80% LTV space Furness is offering another table topping, 2 year fixed rate at 1.69%, with a £1,250 fee.  This one doesn’t quality for the free valuation on purchases but, as above, still attracts a generous legal and valuation package on standard remortgages.

The new products are on a repayment basis and are available across England, Scotland and Wales.

Alasdair McDonald, Head of Intermediaries said

“Our product teams are working really hard to deliver excellent value in our range of mortgages and we believe these products will source extremely well.  We’re hoping to see business coming in from our existing broker partners and those haven’t had a chance to place lower LTV business with us previously.  If you’ve not used us before, give us a try, we’ve got a great service record and with easy access to our broker hub we’ll keep you in the picture every step of the way”