Furness relaunches fixed-rate residential and rental products
“We are excited to return to the fixed rate market with this new product line.”
The Company has been one of many lenders to temporarily withdraw its product line in recent weeks to maintain service levels.
It returned to the market last week with a range of cut-rate products.
Its new fixed-rate products include two- and five-year residential options at 3.89%, available at up to 80% LTV with a fee of £999.
Interest only options are also available to customers up to 70% LTV on a two and five year basis.
Applications are welcome for residential mortgages in England, Scotland and Wales and are also available for new homes. Furness can also offer a sole proprietor to joint borrower solution for first time buyers and gifted deposits are accepted from close family members.
For owners, the Furnesses offer a range of unregulated, regulated and consumer buy-to-let products up to 80% LTV and vacation rentals up to 75% LTV.
Purchase-to-lease applications will be assessed based on the applicant’s overall financial situation and earned income, as well as mortgages and other credit commitments, will be personally reviewed by an underwriter.
All products in the new range include £250 cashback.
Alasdair McDonald, Head of Intermediates at Furness, said: “We are delighted to return to the fixed rate market with this new range of products. With our one-on-one approach to underwriting, we can handle straightforward cases as well as those that require more in-depth consideration and a personal touch. We often help our partner brokers understand their clients’ accounts with self-employed cases and our experienced team are on hand to help you with your next case.