Furness cuts residential and buy-to-let rates by up to 0.25%

Furness Building Society has announced new rate reductions of up to 0.25% across its residential and buy-to-let fixed rate products.

A residential five-year fixed rate at 90% LTV is now available at 4.54%, while a two-year fixed rate at 80% LTV has reduced by 25bps to 4.54%.

In its buy-to-let range, rates have also reduced by up to 0.25%, now starting at 5.29%. This applies to a variety of buy-to-let products, including regulated, unregulated, consumer, and holiday let options.

Each application is considered on an individual basis, allowing intermediaries to assist clients with more complex financial profiles, such as the self-employed, those with multiple income streams, or those in unconventional circumstances. 

Jonathan Cartlidge, head of member and broker strategy at Furness, commented: "We are thrilled to offer these new rate reductions, reinforcing our commitment to providing competitive products across England, Scotland, and Wales. Our unique approach of individually reviewing each application without using credit scoring ensures a flexible and personalized experience for our clients."