Furness Building Society improves its new business mortgage product range, launching a range of fixed-rate products designed to support first-time home buyers and products seeking affordable housing solutions.
The new series includes a two-year fixed-rate product at 4.73% and up to 90% LTV, offering an option for customers with smaller deposits. The product is available in England, Scotland and Wales, with a free valuation and a £999 fee.
Furness has also enhanced its shared ownership products. The new range includes a two-year fixed interest rate from 4.45% (up to 85% loan) and a five-year fixed interest rate from 4.28% (85% loans can be shared).
Commenting on the new product, Jonathan Cartlidge, Head of Membership and Brokerage Strategy at Furness, said: “At Furness, we are committed to continuously evolving our product range to meet the needs of today’s borrowers. These latest enhancements, including our new 90% LTV product and improved shared ownership options to improve our shared ownership options, reflect our ongoing efforts to support the efforts of intermediaries and clients as well as competent efficiency and practice.” ”
