It also reprices new range of residential products
Furness Building Society has implemented rate reductions across its product range, with cuts of up to 65 basis points.
The most substantial rate adjustments were made on the mutual’s buy-to-let offerings, covering unregulated, regulated, consumer let, and holiday Let products. Borrowers seeking mortgages up to 80% loan-to-value (LTV) can explore two- and five-year options, starting at 5.19%.
The latest reprice from the lender also involved rate cuts on residential products, including two-year fixed rates, starting at 4.85% for up to 75% LTV, 4.89% for up to 80% LTV, and 5.34% for up to 90% LTV.
Those seeking longer-term deals can explore five-year options, with rates starting from 4.66% for up to 80% LTV. All products in the range include a £250 cashback.
“We are proud to offer continued support to our intermediary partners, and our competitive products, coupled with our flexible approach to underwriting, means that we are able to service a wide range of buy-to-let cases,” Alasdair McDonald (pictured), head of intermediaries at Furness Building Society, said.
“Whether your client is an experienced property investor or first-time landlord, we can help find them an ideal buy-to-let mortgage solution.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
