x
By using this website, you agree to our use of cookies to enhance your experience.

TODAY'S OTHER NEWS

Furness launches new BTL products from 2.85%

Furness Building Society has launched two new dedicated consumer products after announcing that it will now consider all consumer buy-to-let mortgage applications.

The first product is a 2 year discount mortgage at 60% LTV with a pay rate of 2.85%. The second product is offered at a higher maximum LTV of 75% is again a discounted rate for 2 years with a pay rate of 3.14%.

The discounted products both benefit from having no early repayment charges and are available for both purchase and remortgage cases with a free legal package on remortgages.

Advertisement

Sue Heron, marketing and sales director, commented: “This relatively recent addition to the buy-to-let world has caused some confusion with both consumers and lenders in the first few months following Mortgage Credit Directive.

“The Furness is delighted that we are now in a position to cater for consumer buy-to-let applications and believe that our product offering, coupled with our manual approach to underwriting will be appealing in the current mortgage market.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

icon

Please login to comment

MovePal MovePal MovePal
sign up