The first is a regulated buy-to-let product priced at 3.75%. The second is an unregulated buy-to-let product at 3.20%. Both products have a maximum LTV of 75%.
The products carry a fee of £1,495 with a maximum loan size of £500,000 and a free legal and valuation package for remortgages in England and Wales. Furness will accept applications on an interest-only basis for both regulated and unregulated buy to lets.
Barry Fitzsimmons, head of intermediary distribution, said: “We’ve looked at the market and listened to our intermediary partners to create a product range which we feel is comprehensive and supports landlords with their choice of mortgage product whilst providing a solution for brokers and their clients.”
Earlier this month Furness launched a campaign to champion mortgage brokers and to encourage consumers to seek out the benefits of using a mortgage adviser.
The educational campaign includes a microsite, social media activity and an animated video.