Furness launches new fixed rates aimed at larger loans

Jessica Nangle

February 24, 2021

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Furness has launched two new fixed rate products, aimed at attracting larger loans across England, Scotland and Wales.

The new products start at 1.19% for loans up to 60% LTV rising to 1.29% for cases up to 75% LTV.

Both products carry an application fee of £1,499 which can be paid upfront or added to the loan.

Applications between £150,000 and £1,000,000 are available for purchases and remortgages.

Remortgages come with an incentive package comprising of a free valuation and standard legal fees in England and Wales and in Scotland they include a free valuation and £150 towards legal fees.

Alasdair McDonald, head of intermediaries at Furness, said: “We think these products are well suited to offer fantastic value for customers, making Furness an easy choice for our broker partners.

“We’re happy to consider applications on new build houses and every case will be assessed by one of our experienced underwriters so if you’ve got clients with a complex income stream we can deal with that and similarly we’re well equipped to assess self employed applications.”

These products will be available from 9am on Thursday 25 February.

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