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
Press Release – Furness launches new range of Residential, Buy-to-let and Holiday-let products
Furness are delighted to return to the market with a range of new products available across England, Scotland and Wales.
The new range of residential products includes a 2.29% 2 year discount (£999 fee) for cases up to 90% 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 2 year discount with a pay rate of 2.39% (£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.
All products in this new range include £250 Cashback.