Furness launches 5-year fix

John Hewitt Jones

October 14, 2016


Furness Building Society has launched a 5-year fixed rate mortgage at 95% LTV.

The product is priced at 3.98% and has no product fee.

Fees begin with interest rates of 18% for loans up to 80% LTV. This includes a free legal package on remortgages.

Furness launches new variable rate mortgage

Barry Fitzsimmons, head of intermediary distribution, said: “We are absolutely delighted to launch these 5 year fixed rates and believe they are extremely well placed in the market, especially the first time buyer product, which underpins our commitment to helping those customers looking to make that first leap onto the property ladder.

“Coupled with our manual approach to underwriting it offers a fantastic proposition for brokers looking to place a fixed rate mortgage for a variety of their clients as we believe there is something for everyone within our full product range.”