Furness reduces rates and launches 5 year fixed rate options
Furness has reduced its rates for both Residential and Let properties across England, Scotland and Wales and introduced new 5 year fixed rate options.
The new range of residential products includes a 3.49% 2 year discount (£999 fee) for cases up to 60% LTV, and an interest only option with a pay rate of 3.69% (£999 fee) for cases up to 70% LTV.
For clients looking for a longer term product Furness can offer a 5.49% 5 year fixed rate (£999) for cases up to 60% LTV. There is a 5 year fixed rate interest only option with a 5.69% pay rate for cases up to 70% LTV.
All products in this new range include £250 Cashback.
DIPs and applications for the new products are welcome from both purchasers and those looking to re-mortgage and can be submitted via the Society’s online submission system. A highly experienced underwriting team, who work closely with brokers on a daily basis, will individually assess all applications.
Alasdair McDonald, Head of Intermediaries said
"The launch of these new products gives both our new and existing customers greater choice when they are looking for a lender who can help with their mortgage.
As well has having competitive rates available, a further benefit of using the Furness is that our bespoke underwriting process means that each case is looked at individually by our team of underwriters who have a strong understanding of complex cases.”