Furness cuts residential, buy-to-let and shared ownership rates

Furness Building Society has reduced rates across its full range of residential, buy-to-let and holiday let mortgages – including its shared ownership offering.

The updated residential range includes a two-year fixed rate at 4.55% up to 90% LTV. 

In the shared ownership range, rates now start from 4.24%, with products available up to 95% loan to share (75% LTV).

The Society launched its shared ownership range in December 2024, lending on new-build homes, including flats, with 5% builder incentives accepted. Energy-efficient homes also benefit from improved affordability assessments.

Shared ownership is available across England and Wales, and Furness will consider a variety of cases, from employed and self-employed clients to those with more complex income streams.

All products come with a £250 cashback and are available on properties in England, Scotland and Wales. 

Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “We know how important it is for brokers to have options for clients who need a more personal approach. Whether it’s a first-time buyer using shared ownership, or someone with non-standard income, our underwriters take the time to understand the case. These new rates – across all our key product areas – are another way we’re making it easier for brokers to place those trickier cases.”