Furness has refreshed its entire 95% product range and has made some changes to criteria.
The 95% product range has had reductions to the 2-year fixed rate which is now at 3.68%, the 5-year fixed now at 3.99% and the 2-year discount priced at 2.69%. All of the 95% products offer a £500 cashback.
Alasdair McDonald, FFI’s head of intermediaries, said “Together with the reduction in rates, we’ve also widened our criteria to include a solution for first time buyers with our joint borrower, sole proprietor solution and we’re happy to look at cases on this basis up to 95%. We’re also happy to accept family gifted deposits at 95%.
“We recognise the continued growth in the first-time buyer space and we hope the repricing of our 95% range coupled with our individual approach to underwriting will support our intermediary partners when looking to place business for their clients.
“Our experienced team are always on hand to talk through a case either over the phone or face to face.”
The Furness still accepts applications on new build properties up to 90% LTV with a minimum property value of £125,000 outside of its heartland area.