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 launches new range of Residential, Buy-to-let and Holiday-let products
Furness are delighted to launch a new range of products available across England, Scotland and Wales.
The new range of residential products includes a 5.29% 2 year discount (£999 fee) for cases up to 80% LTV.
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 range of Unregulated, Regulated up to 80% LTV and Holiday Lets up to 75% LTV. Their lowest rate Buy-to-let product is a 5 year fixed rate with a pay rate of 5.74% (£995 Fee) for cases up to 75% 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.
A further benefit for Holiday Let cases is that the client is allowed use of the property for up to 90 days a year.
All products in this new range include £250 Cashback.
Alasdair McDonald, Head of Intermediaries at Furness told us “We’re delighted to launch our new range of products to brokers across England, Scotland and Wales. With our individual approach to underwriting, we can cater for the straightforward cases as well as those that need a closer look and a personal touch.”