Furness for Intermediaries launches 2-year mortgages

Michael Lloyd

November 16, 2018

Furness for Intermediaries has launched two 2-year discounted mortgages to its product range, available for house purchases, mainstream residential cases and remortgages across England, Scotland and Wales.

It’s also available for customers who are self-employed, looking for a mortgage on a joint applicant sole proprietorship basis or even wanting to take the mortgage into their retirement.

The first is a 2-year discount with a pay rate of 1.55%, maximum 80% LTV and the second is a 90% LTV product, with a pay rate of 2.24%, both with a product fee of £999.

Alasdair McDonald, head of intermediaries, said: “We feel that the introduction of our competitive two year discounts together with our flexible approach to underwriting enables us to offer a great alternative to a fixed rate product.

“So whether you have a straight forward residential case or something that requires a bit more care and attention I would invite you to talk to us.“

The products offer free legal and valuation fees on standard re-mortgages in England and Wales and the maximum free valuation fee is £665. A contribution of £150 toward legal fees will apply to applications in Scotland.

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