Furness Building Society have release a product update for intermediaries. See below for details. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Announcement
Furness reduces fixed rate residential product range
Furness has reduced its fixed rate residential products which are available across
England, Scotland and Wales.
The new range of residential products includes a 4.64% 2 year fixed rate for cases up to
80% LTV, and 5.08% 2 year fixed rate for cases up to 90% LTV. For clients looking for a
longer term product there is a 5 year fixed rate product at 4.89% for cases up to 90% LTV.
To support First Time Buyers, the Society can offer mortgages on a Joint Borrower Sole
Proprietor basis where one of the joint borrowers is not going to be a co-owner, and all
products in this range come with £250 Cashback.
As well as being available for standard employed clients, Furness are happy to look at
cases with a more complex income including for self-employed clients. 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.