Furness returns to market with new residential and buy-to-let products

Furness has returned to the market with a range of new residential, buy-to-let and holiday let products available across England, Scotland and Wales.

The new range of residential products includes a 4.09% two-year discount for cases up to 85% LTV with a £999 fee.

As well as being available for employed clients, Furness will look at cases with a more complex income including for those who are self-employed.

For landlords, the Furness has launched a range of unregulated and regulated products up to 80% LTV and holiday lets up to 75% LTV. The lowest rate buy-to-let product is a two-year discount with a pay rate of 4.19% for cases up to 75% LTV with a £995 fee.

As with all buy-to-let products from Furness, applications will be assessed based on an applicant’s overall financial situation - not by simply using an ICR calculation. Earned income together with mortgage and other credit commitments will be reviewed personally by an underwriter.

For holiday let cases the client is allowed use of the property for up to 90 days a year.

All products in th neew range include £250 cashback.

Alasdair McDonald, head of intermediaries at Furness, said: “We’re delighted to be back in the market with this new range of products to brokers across England, Scotland and Wales. With our individual approach to underwriting, we can cater for the straightforward cases as well as those that need a closer look and a personal touch. We often help our broker partners to understand their clients’ accounts with self-employed cases and our experienced underwriters will always try to find a way to say yes.”