Furness Building Society launches new holiday let mortgages

Furness Building Society has added two five-year products to its holiday let range.

The products carry a pay rate of 3.34% for cases up to 65% LTV and 4.49% for cases up to 75% LTV. Both products have a £1,250 product fee.

As with all holiday let products with Furness, borrowers can use their holiday-let property for up to 90 days per year for their own personal use.

Head of intermediaries, Alasdair McDonald said, “As an established holiday let mortgage provider, we are always looking for ways to improve. We have listened to the request from our broker partners for five-year fixed rate products to complement our range, and this coupled with our flexible approach to underwriting means we have a very attractive proposition.”