Furness announces new fixed rate products

Furness for Intermediaries has added two new products to its residential fixed rate range.

They consist of a two-year 80 per cent LTV at 1.99 per cent and a five-year 70 per cent LTV at 2.18 per cent.

Both products, available for purchase and remortgage, have a £1,250 fee and come with free standard legal fees for remortgages in England and Wales, and a contribution of £150 towards fees in Scotland.

According to the firm, applicants who are self-employed, looking for a mortgage on a joint applicant sole proprietorship basis or who will need to take the mortgage into their retirement are applicable for the new offerings.

Furness head of intermediaries Alasdair McDonald (pictured) says: “We feel that with the launch of these fixed rates, coupled with our approach to underwriting, we can offer a solution to our broker partners whether they have a straight forward residential case or something that requires a bit of expertise.”

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