Furness launches “Moneyfacts Best Buy” for first time buyers

Furness has launched a 5 year fixed rate at 2.99% for cases up to 95% LTV which has been rated “Outstanding” by industry experts Moneyfacts.

Applications are welcome on residential mortgages across England, Scotland and Wales and is also available on new build houses.  Furness can also offer a “Joint Borrower Sole Owner” solution for first time buyers needing a little help.  Gifted deposits are also accepted from close family members. 

The 5 year fixed rate is equal to the lowest rate currently available elsewhere in this sector. However, unlike other deals at the same rate, this offering comes with no fee and also offers incentives of a free valuation and for those remortgaging free legal fees, making this a Moneyfacts 'Best Buy' for first time buyers.”

Alasdair McDonald, Head of Intermediaries said

“we’re well placed to help first time buyers, as we don’t use a credit scoring system and each case is looked at individually by an experienced underwriter.  Our teams are always looking for a reason to say yes and will work with brokers to get the right solution for them and their clients.”

Furness BS has also introduced a selection of new discounted variable rate mortgages and reduced selected fixed rates by up to 0.60%.