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Furness returns to market with residential and buy-to-let mortgages

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  • 14/11/2022
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Furness returns to market with residential and buy-to-let mortgages
Furness has brought back residential, buy-to-let and holiday home mortgages.

 

The range of residential deals includes a 4.09 per cent two-year discount (£999 fee) for cases up to 85 per cent loan to value (LTV).

The lender also offers to applicants with more complex income including self-employed.

For landlords, the Furness offers to 80 per cent LTV and holiday lets up to 75 per cent LTV.

Rates on buy-to-let start from 4.19 per cent for a two-year discount with a £995 fee for cases up to 75 per cent LTV.

All products in this new range include £250 cashback.

Landlord applications are assessed based on an applicant’s overall financial situation with earned income and other credit commitments will be reviewed by an underwriter.

Furness said this means it can consider a wider range of cases that present good quality, low risk lending.

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.”

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