Furness for Intermediaries launch 5 year fixed rate Holiday let range.

Mon 29th July 2019

Furness for Intermediaries launch 5 year fixed rate Holiday let range.

Furness for Intermediaries has added two 5 year products to their Holiday Let range.

The new 5 year fixed rate products carry a pay rate of 3.34% for cases up to 65% LTV and 4.49% for cases up to 75% LTV. Both products have a £1,250 product fee.

As with all Holiday Let products with Furness, customers have the added benefit of being able to use their holiday-let property for up to 90 days per year for their own personal use, something that some lenders don’t allow.

Furness also adopts a flexible approach to lending including both gross holiday rental income as well as personal income when calculating affordability.

Head of Intermediaries, Alasdair McDonald told us “As an established holiday let mortgage provider, we are always looking for ways to improve. We have listened to the request from our broker partners for 5 year fixed rate products to complement our range, and this coupled with our flexible approach to underwriting means we have a very attractive proposition.”

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