Furness for Intermediaries cut mortgage rates to help First Time Buyers

Fri 4th October 2019

Furness for Intermediaries cut mortgage rates to help First Time Buyers

The 95% product range sees a reduction to the 2 year fixed rate products, which now start from 3.08% with an option of a £1,000 cashback at 3.38%.  The 5 year fixed rates now start from 3.38% with an option of a £1,000 cashback at 3.58%.

The 2 Year Discount products remain in the Moneyfacts Best Buy tables and are keenly priced at 2.69% with a £500 cashback and 2.99% with a fantastic £1,500 cashback.

Alasdair McDonald, Head of Intermediaries at Furness told us “We understand that first time buyers need the best start they can get and this isn’t always down to the cheapest rate.  We believe that the reduction in our 95% LTV fixed rates complements our other first time buyer propositions, which include our joint applicant/sole proprietorship solution and lending on new build houses.  Of course, our individual approach to underwriting means we can really give our attention to complex cases. We are committed to providing solutions for our intermediary partners and our flexibility in decision making means it makes it easier for us to say yes”

The 95% LTV range is also available for remortgages with free valuation and legal fees on standard cases in England and Wales and a contribution of £150 towards fees in Scotland.

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