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Furness launches 90% product

Jake Carter

February 11, 2021

Furness has launched a 90% LTV product available across England, Scotland and Wales.

The offering is a 90% LTV 5-year fix at 3.49%, with a £999 fee.

In addition, the lender has reduced product rates, with 70% LTV deals now starting from 2.19%, and 80% LTV products starting from 2.49%.

Both of these two offerings include a £1,250 fee.

For remortgages, the products come with a free valuation and standard legal fees available in England and Wales.

In Scotland, borrowers would receive a free valuation and £150 towards legal fees.

According to the lender, residential applications are welcome on new build houses, from employed and self-employed customers.

Alasdair McDonald, head of intermediaries at Furness, said: “We’re constantly improving our product range and we’re pleased to be offering another option at 90% LTV with our new 5-year fixed rate.

“One of our main aims is to help brokers access products across the LTV range, as well as providing a common sense approach to lending and being on hand when brokers need to talk to us.

We’ve got a massive amount of underwriting experience here and every application is looked at by an underwriter, meaning real people are making sensible lending decisions.

“We don’t credit score and we’ll take the time to talk to our broker partners about their clients and their application.

“If your client is self-employed, we’ll take the time to assess the accounts and talk to the accountant if necessary – we’re always looking for a reason to say yes.”


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