Furness reduces residential and buy-to-let rates

Furness Building Society has reduced rates across its residential and buy-to-let mortgage ranges.

The updated range includes a two-year fixed rate at 4.29% for residential mortgages up to 90% LTV. 

As part of the wider changes, Furness has also refreshed its shared ownership range. Highlights include a five-year fixed rate at 4.17% for 85% loan-to-share (75% LTV).

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

Furness offers manual underwriting on every application, with no credit scoring, while brokers receive one-to-one support from a dedicated BDM and direct contact with underwriters.

Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “At Furness, we know that every case is unique – and brokers value being able to speak to someone who will listen. Our new rates, including the 4.29% two-year fix at 90% LTV, offer great value without compromising on service.

"We’re here to help brokers find solutions, whether it’s for a straightforward case or something more complex.”