Furness launches new range of residential, buy-to-let and holiday-let products

Furness has launched a range of new products, which are available across England, Scotland and Wales.

The new residential products start with a 1.29% 2 year discount (£999 fee) for cases up to 80% LTV.

For clients looking for a 95% LTV mortgage, there is a 2 year discount option with a pay rate of 2.49%, 2 year fixed rate at 3.29% and a 5 year fixed rate at 3.49%. All of these products are fee free.

As well as being available for employed clients, Furness are happy to look at cases with a more complex income including for those who are self-employed. Their flexible approach to lending means they are able to assess each case on its own merits including looking at pre-tax profits when assessing affordability.

For landlords, the Furness is able to offer a wide range of Unregulated, Regulated, Consumer and Holiday let options up to 80% LTV.  Their lowest rate Buy-to-let product is a 2 year discount with a pay rate of 1.59% (£995 Fee) for cases up to 65% LTV.

As with all Buy-to-let products from Furness, 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 and a free standard valuation package for both purchases and remortgages.

Alasdair McDonald, Head of Intermediaries said

“We’re delighted to launch this new range of products to brokers across England, Scotland and Wales. With a range of products with low pay rates and our flexible approach to lending, we are confident we can help you find the solution to your next case whether it be for a residential, buy-to-let or even holiday let property.