Jake Carter

April 23, 2021

cut rates rate

Furness for Intermediaries has reduced rates on a number of its 2-year fixed rate products.

The lowest rate on offer is the 2-year fixed rate at 60% loan-to-value (LTV) priced at 1.09%, with a £1,499 fee, which can be paid up front or added to the loan.

At 75% LTV Furness is offering the 2-year fixed rate with a reduction of 10bps to 1.19% with a £1,499 fee.

A free legal and valuation package is available for standard remortgages in England and Wales, with a contribution towards legal fees in Scotland.

The lender is also offering a free valuation on purchases with the above products.

In the 80% LTV space, the lender is offering a 2-year fixed rate at 1.69%, with a £1,250 fee.

The products are on a repayment basis and are available across England, Scotland and Wales.

Alasdair McDonald, head of intermediary mortgages at Furness for Intermediaries, said: “Our product teams are working really hard to deliver excellent value in our range of mortgages and we believe these products will source extremely well.

“We’re hoping to see business coming in from our existing broker partners and those haven’t had a chance to place lower LTV business with us previously.

“If you’ve not used us before, give us a try, we’ve got a great service record and with easy access to our broker hub we’ll keep you in the picture every step of the way”.

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