Furness is pleased to announce new rate reductions of up to 0.25% across its Residential and Buy-to-Let fixed-rate products.

On the Residential side, the new highlight is our 5-year fixed product at 90% LTV, now available at a competitive rate of 4.54%, following a 0.15% reduction. For those looking to remortgage, there is a 2-year fixed rate at 4.54% for cases up to 80% LTV, which has been reduced by 0.25%. These new rates present attractive options for homeowners looking to secure lower monthly payments.

This new offering further reinforces Furness's dedication to delivering flexible solutions for brokers, underpinned by its manual underwriting approach. Each application is considered on an individual basis, allowing intermediaries to assist clients with more complex financial profiles, such as the self-employed, those with multiple income streams, or those in unconventional circumstances.

In their Buy-to-Let range, we have also reduced rates by up to 0.25%, with rates now starting at 5.29%. This applies to a variety of Buy-to-Let products, including Regulated, Unregulated, Consumer, and Holiday Let options, providing flexibility to meet a wide range of borrowing needs.

As with all Furness Buy-to-Let products, applications are assessed by considering the applicant's complete financial profile. Each case is personally reviewed by an underwriter, taking into account earned income and other financial commitments. This approach enables Furness to cater to a wider range of high-quality, low-risk cases.

Jonathan Cartlidge, Head of Member & Broker Strategy, commented: "We are thrilled to offer these new rate reductions, reinforcing our commitment to providing competitive products across England, Scotland, and Wales. Our unique approach of individually reviewing each application without using credit scoring ensures a flexible and personalized experience for our clients."