Home Residential PropertyBuy-To-Let Furness Building Society has returned to the market with a range of new residential, buy-to-let and holiday let products

Furness Building Society has returned to the market with a range of new residential, buy-to-let and holiday let products

by LLP Finance Reporter
22nd Aug 22 5:46 pm

The Society was one of several lenders to temporarily withdraw its product range in recent weeks to maintain service levels.

The new range of residential products includes a 2.29% two-year discount with a £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, and considers pre-tax profits when assessing affordability.

Read more on mortgages and investments:

Nationwide increases maximum Loan to Income to 6.5 on like-for-like remortgages

Bank of England slammed for ‘irresponsible and unnecessary’ rate rises damaging the housing market

Inflation is impacting house price growth for the average seller

Interest rate hikes predicted to see mortgage transactions fall by 6%

For landlords, the Furness is able to offer a range of unregulated and regulated products up to 80% LTV and holiday lets up to 75% LTV. Its lowest rate buy-to-let product is a two-year discount at 2.39% with a £995 fee for cases up to 75% LTV.

As with all buy-to-let products from Furness, earned income together with mortgage and other credit commitments will be reviewed personally by an underwriter.

All products in the new range include £250 cashback.

Alasdair McDonald, head of intermediaries at Furness, said, “We’re delighted to be back in the market with this new range of products to brokers across England, Scotland and Wales. With a range of products and our flexible approach to lending, we are confident we can help you find the solution to your next case whether it be for a residential, buy-to-let or even holiday let property.“

Leave a Commment

You may also like

CLOSE AD