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Furness launches new 5-year fix rate products from 3.2%

Furness for Intermediaries has launched two new five year fixed rate buy-to-let products to strengthen its product range.

The first is a regulated (family) buy-to-let product priced at 3.75%. The second is an unregulated buy-to-let product at 3.2%. Both products have a maximum loan-to-value (LTV) of 75%.

The products, which are available on an interest-only basis, carry a fee of £1,495 with a maximum loan size of £500,000 and a free legal and valuation package for remortgages in England and Wales.

Barry Fitzsimmons, head of intermediary distribution at Furness, said: “We’ve looked at the market and listened to our intermediary partners to create a product range which we feel is comprehensive and supports landlords with their choice of mortgage product whilst providing a solution for brokers and their clients.” 

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