Furness Building Society has reduced rates across its residential and buy-to-let (BTL) mortgage ranges by up to 0.15%.
The new range of residential fixed rates products includes a 2-year with a 5.39% for cases up to 80% loan-to-value (LTV), and for clients looking for a longer term product, there is a 5-year fixed rate product at 4.89% for cases up to 80% LTV.
All products in the residential product range carry a £999 fee which can be paid up front or added to the loan.
The range also includes £250 cashback.
For landlords, the Furness is able to offer a range of fixed rate Unregulated, Regulated and consumer buy-to-lets up to 80% LTV and holiday lets up to 75% LTV.
Its lowest rate buy-to-let product is a 2-year fixed with a pay rate of 4.99% for cases up to 65% LTV.
Jonathan Cartlidge, head of customer strategy, said: “We’re delighted to launch this new range of products to brokers across England, Scotland and Wales.
“We strive to remain competitive for our brokers but it’s also important to remember that we do not use credit scoring and each and every case is looked at individually by an experienced underwriter, by working in this way we are able to look at complex cases and apply flexibility in our decision making.”
