Furness launches 0.79% mortgage rate

It has also launched a two-year rate of 0.99% with a £999 fee for cases up to 80% LTV and a 1.89% fee-free rate up to 90% LTV.

For clients looking for an interest-only option, there is a new two-year product with a pay rate of 1.09% up to 60% LTV with a £1,699 fee and no ERCs.

New two-year buy-to-let discount products include a 1.59% product up to 65% LTV and 1.89% option at 75% LTV.

New holiday let discounts start at 2.59% for cases up to 65% and 2.69% for cases up to 75% LTV.

All new buy-to-let and holiday let products carry a £995 fee.

All products also offer a free standard valuation package for purchases and for clients wanting to remortgage, there is a standard incentive package of free valuation and legal fees for cases in England and Wales. For cases in Scotland, a contribution of £150 towards legal fees will apply.

Alasdair McDonald from Furness for Intermediaries said: “Following the launch of our ERC free products last week, we’re delighted to give further options to our broker partners with this new range of discounted products.

"We’re especially confident the new holiday let rates offer real value for money and coupled with the flexibility in assessing affordability, our acceptance of Airbnb properties makes choosing Furness a pretty compelling proposition. We’ve got over 10 years’ experience as a holiday let lender and our professional and friendly team of underwriters will look at each case individually.”