Furness launches new high LTV product range

The new products are available up to 95% LTV for residential house purchase, including new build, and remortgage. The products are fixed at either two or five years with interest rates ranging from 2.35% to 2.85% for a 95% LTV five-year fix and all products are fee free.

Alasdair McDonald, head of intermediaries at Furness Building Society, commented: “We have created these products to provide our intermediary network with more options at a time when the residential property market is extremely competitive. With the number of buyers outweighing properties for sale by as much as 18 to 1, we know our brokers need lenders that can work with them to get the right solution for their clients.

"We’re also ideally positioned to help customers requiring a high LTV because we don’t use a scoring system. By considering cases on their individual merit, means we can often make an offer when many other lenders have declined.”