Furness launches fixed rate product range

Furness has returned to the Fixed Rate market with both Residential and Buy-to-Let products.

For residential clients with a case up to 80% LTV there is a 2-year product at 3.89% and a 5 year product at 3.89%, both with a £999 fee.

Interest only options are also available for clients with a case up to 70% LTV on a 2 and 5 year basis.

Applications are welcome on residential mortgages across England, Scotland and Wales and are also available on new build houses.  Furness can also offer a “Joint Borrower Sole Owner” solution for first time buyers needing a little help. Gifted deposits are also accepted from close family members. 

For landlords, the Furness offer a range of Unregulated, Regulated and Consumer Buy-to-Let products up to 80% LTV and Holiday Lets up to 75% LTV.

Buy-to-Let applications will be assessed based on an applicant’s overall financial situation - not by simply using an ICR calculation. 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 products in this new range include £250 Cashback.

 

Alasdair McDonald, Head of Intermediaries said

“We’re delighted to return to the fixed rate market with this new product range. With our individual approach to underwriting, we can cater for the straightforward cases as well as those that need a closer look and a personal touch. We often help our broker partners to understand their clients’ accounts with self-employed cases and our experienced team are on hand to help you with your next case.”