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 cuts rates on residential range
Following the recent launch of a 2 year fixed rate at 1.44% for cases up to 80%, Furness has made further reductions in both new business and product transfer products.
Both new and existing customers will now be able to benefit from a 1.29% 2 year fixed rate for cases up to 60% LTV with a £1,499 fee which can be paid upfront or added to the loan. For clients looking for a smaller fee there is also a 1.39% 2 year fixed rate option available with a £999 fee.
To further help clients Furness offer a free standard valuation package for purchases and re-mortgages and a free legals package for standard re-mortgages (£150 contribution for Scottish properties)
For product transfers up to 80% LTV, Furness is offering a 2 year fixed rate at 1.49% with a £999 fee or a fee free version at 1.99%.
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. 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.
Alasdair McDonald, Furness for Intermediaries told us “These new price reductions, coupled with our ability to look at cases individually means that we are always looking for a way to say yes. With easy access to our broker hub we’re on hand to talk you through your next case.”
Furness launch highly competitive 2 year fixed rate at 1.44% for cases up to 80% LTV
Furness has launched a 1.44% 2 year fixed rate for cases up to 80% LTV (£999 fee) across England, Scotland and Wales.
To further help clients in England and Wales, the product comes a free standard valuation package for purchases and for remortgage; there is a standard incentive package of free valuation and legal fees.
For cases in Scotland, the lender will contribute £150 towards legal fees.
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.
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.
Alasdair McDonald, Furness for Intermediaries told us “We’re constantly looking at our products with a view to providing the most competitive rates we can for brokers. This 2 year fixed rate will offer great value to clients looking to buy a new home or save money by remortgaging with us. Our individual approach to underwriting enables us to deliver a tailored service that offers the most ideal solution for your clients across England, Scotland and Wales.“