Furness for Intermediaries reduces rates on their Short Term Lending Range

Thu 14th February 2019

Furness for Intermediaries reduces rates on their Short Term Lending Range

 

Furness has reduced its short term lending products by up to 1.05%.  The products both have a maximum LTV of 60% and are priced differently at 4.24% with a £1,499 fee and 4.99% with a lower fee of £499.

Further improvements mean that the products now come with free standard legal fees for re-mortgages in England and Wales and a contribution of £150 towards fees in Scotland.

Available for house purchase and re-mortgages, short term lending is available England, Scotland and Wales.

Alasdair McDonald, Head of Intermediaries at Furness says: “As well as being suitable for standard short term lending cases, our reduced rates coupled with no ERCs, make our new products a real alternative to bridging finance. For example, it is ideal for customers who have found a property but have yet to sell their current one but it’s not exclusive to moving house.  So if you’re struggling to place a case that only requires a mortgage for up to two years, give us a call and see what we can do.”

Furness’ product range is available through both intermediary and direct channels.

 

 

 

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