Discount Mortgages

A choice of discount mortgage products from Furness Building Society will enable you to choose a rate to suit you for a set period of time. With our Discounted Mortgages, you do not need to look any further.

Variable Rate Discounts

The Society offers a great range of discounts. Please contact us on 0800 22 05 68 for details of our full range of discounted products.

Click on the options below to see our choice of products.

5 Year Discount

2.19% variable rate for 5 years. This is the current Mortgage Variable Rate with a 3.10% discount. £999 product fee. Free valuation and legal package available on re-mortgages. 

Representative Example

A mortgage of £210,000.00 payable over 25 years initially on a discounted rate for 5 years at 2.19% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £385.16 and 240 monthly payments of £930.36.

The total amount payable would be £457,895.00 made up of the loan amount plus interest (£456,396.00) a Product fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee of £230.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.50% APRC representative

Please note the example above is for a house purchase on an interest only basis.

› Find out more
Initial Rate for 2 years
2.19%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
4.50%


5 Year Discount

1.99% variable rate for 5 years. This is the current Mortgage Variable Rate with a 3.30% discount.

Representative Example

A mortgage of £231,000.00 payable over 25 years initially on a discounted rate for 5 years at 384.81% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £384.81 and 276 monthly payments of £1,022.93

The total amount payable would be £501,140.80  made up of the loan amount plus interest (£499,591.80), a £999 Product Fee, a CHAPS Fee of £20.00, a Valuation fee £280.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.40% APRC representative.

Please note the example above is for a house purchase on an interest only basis

› Find out more
Initial Rate for 2 years
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
4.40%


5 Year Discount

2.79% variable rate for 5 years. This is the current Mortgage Variable Rate with a 2.50% discount.

Representative Example

A mortgage of £190,000 payable over 25 years initially on a discounted rate for 5 years at 2.79% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £444.18 and 240 monthly payments of £842.20.

The total amount payable would be £420,277.80 made up of the loan amount plus interest (£418,778.80), a £999 Application Fee, a CHAPS Fee of £20.00, a Valuation fee £230.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.70% APRC representative.

Please note the example above is for a house purchase on an interest only basis

› Find out more
Initial Rate for 5 years
2.79%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
4.70%


2 Year Discount

1.99% variable rate for 2 years. This is the current Mortgage Variable Rate with a 3.30% discount. There is a £1,499 completion fee which can be added to the mortgage or paid upfront. Free valuation and legal package available on re-mortgages

Representative Example

A mortgage of £160,000 payable over 25 years initially on a discounted rate for 2 years at 1.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £267.89  and 276 monthly payments of £712.14.

The total amount payable would be £364,944.00  made up of the loan amount plus interest (£362,980.00) an Application fee of £1,499.00, a CHAPS Fee of £20.00, a Valuation fee of £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

› Find out more
Initial Rate for 2 years
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


2 Year Discount

1.99% variable rate for 2 years. This is the current Mortgage Variable Rate with a 3.30% discount. There is a £1,499 completion fee which can be added to the mortgage or paid upfront. Free valuation and legal package available on re-mortgages

Representative Example

A mortgage of £180,000 payable over 25 years initially on a discounted rate for 2 years at 1.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £301.06and 276 monthly payments of £800.31.

The total amount payable would be £410,075.00made up of the loan amount plus interest (£408,111.00) an Application fee of £1,499.00, a CHAPS Fee of £20.00, a Valuation fee of £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

 

› Find out more
Initial rate for 2 years
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


2 Year Discount

2.99% variable rate for 2 years. This is the current Mortgage Variable Rate with a 2.30% discount.

Representative Example

A mortgage of £190,000.00 payable over 25 years initially on a discounted rate for 2 years at 2.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £900.23 and 276 monthly payments of £1,125.65

The total amount payable would be £332,704.92 made up of the loan amount plus interest (£332,239.92),  a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an capital and interest basis

› Find out more
Initial Rate for 2 years
2.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


5 Year Discount

2.19% variable rate for 5 years. This is the current Mortgage Variable Rate with a 3.10% discount. £999 product fee. Free valuation and legal package available on re-mortgages. 

Representative Example

A mortgage of £210,000.00 payable over 25 years initially on a discounted rate for 5 years at 2.19% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £385.16 and 240 monthly payments of £930.36.

The total amount payable would be £457,895.00 made up of the loan amount plus interest (£456,396.00) a Product fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee of £230.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.50% APRC representative

Please note the example above is for a house purchase on an interest only basis.

› Find out more
Initial Rate for 2 years
2.19%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
4.50%


5 Year Discount

1.99% variable rate for 5 years. This is the current Mortgage Variable Rate with a 3.30% discount.

Representative Example

A mortgage of £231,000.00 payable over 25 years initially on a discounted rate for 5 years at 384.81% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £384.81 and 276 monthly payments of £1,022.93

The total amount payable would be £501,140.80  made up of the loan amount plus interest (£499,591.80), a £999 Product Fee, a CHAPS Fee of £20.00, a Valuation fee £280.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.40% APRC representative.

Please note the example above is for a house purchase on an interest only basis

› Find out more
Initial Rate for 2 years
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
4.40%


5 Year Discount

2.79% variable rate for 5 years. This is the current Mortgage Variable Rate with a 2.50% discount.

Representative Example

A mortgage of £190,000 payable over 25 years initially on a discounted rate for 5 years at 2.79% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £444.18 and 240 monthly payments of £842.20.

The total amount payable would be £420,277.80 made up of the loan amount plus interest (£418,778.80), a £999 Application Fee, a CHAPS Fee of £20.00, a Valuation fee £230.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.70% APRC representative.

Please note the example above is for a house purchase on an interest only basis

› Find out more
Initial Rate for 5 years
2.79%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
4.70%


2 Year Discount

1.99% variable rate for 2 years. This is our MVR (currently 5.29%) with a discount of 3.30%.

Representative Example

A mortgage of £160,000 payable over 25 years initially on a discounted rate for 2 years at 1.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £266.24  and 276 monthly payments of £707.73.

The total amount payable would be £362,687.24made up of the loan amount plus interest (£361,723.24), an Application Fee of £499.00  a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

 

› Find out more
Initial Rate
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


2 Year Discount

1.99% variable rate for 2 years. This is the current Mortgage Variable Rate with a 3.30% discount. There is a £1,499 completion fee which can be added to the mortgage or paid upfront. Free valuation and legal package available on re-mortgages

Representative Example

A mortgage of £160,000 payable over 25 years initially on a discounted rate for 2 years at 1.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £267.89  and 276 monthly payments of £712.14.

The total amount payable would be £364,944.00  made up of the loan amount plus interest (£362,980.00) an Application fee of £1,499.00, a CHAPS Fee of £20.00, a Valuation fee of £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

› Find out more
Initial Rate for 2 years
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


2 Year Discount

1.99% variable rate for 2 years. This is the current Mortgage Variable Rate with a 3.30% discount. There is a £1,499 completion fee which can be added to the mortgage or paid upfront. Free valuation and legal package available on re-mortgages

Representative Example

A mortgage of £180,000 payable over 25 years initially on a discounted rate for 2 years at 1.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £301.06and 276 monthly payments of £800.31.

The total amount payable would be £410,075.00made up of the loan amount plus interest (£408,111.00) an Application fee of £1,499.00, a CHAPS Fee of £20.00, a Valuation fee of £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

 

› Find out more
Initial rate for 2 years
1.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


2 Year Discount

2.99% variable rate for 2 years. This is the current Mortgage Variable Rate with a 2.30% discount.

Representative Example

A mortgage of £190,000.00 payable over 25 years initially on a discounted rate for 2 years at 2.99% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £900.23 and 276 monthly payments of £1,125.65

The total amount payable would be £332,704.92 made up of the loan amount plus interest (£332,239.92),  a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 ,  and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on an capital and interest basis

› Find out more
Initial Rate for 2 years
2.99%
Followed by the Mortgage Variable Rate - currently
5.29%
The overall cost for comparison is
5.00%


Discount Mortgages Guide

A discounted rate mortgage is one where a set interest rate reduction or discount is applied to the Society’s standard variable rate for a specified period of time. Therefore, the rate you pay will vary if the Society’s standard variable rate changes.

Please note

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE






Other sub sections


Furness mortgage guide


What to do next?

For more information or to apply for this product you can:

Call: 0845 194 8669
› Find your nearest branch
Furness Mortgage Tools


Furness Mortgage Products




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