Furness launches new high-LTV residential products and enhances holiday let range

Furness Building Society has introduced higher LTV options for residential borrowers and refreshed its holiday let range.

The Society has introduced new high LTV options at both 90 and 95%. Products include a 4.23% two-year fixed rate for cases up to 90% LTV. The range supports first-time buyers and home movers who require lower deposit routes, and benefit from Furness’s personal, case-by-case underwriting approach.

The holiday let range now features a 4.79% two-year fixed rate at 75% LTV. Every holiday let application is reviewed by an experienced underwriter who considers seasonal income, occupancy trends and property potential in full, and the Furness allow up to 90 days personal use with holiday let properties.

Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “Our strengthened holiday let offering and new high LTV residential products reinforce our commitment to giving brokers the flexibility they need. Combined with our wider buy-to-let proposition and our personal approach to underwriting, these updates ensure we continue to offer a well rounded and supportive range.”