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Furness cuts rates on BTL and holiday let range

Furness Building Society has made changes to its buy-to-let and holiday let product range, trimming two-year rates by up to 0.56 per cent.

The unregulated buy-to-let products from the intermediary arm of the society include a pay rate of 1.84 per cent (up to 65 per cent LTV) and 1.99 per cent (up to 75 per cent LTV).  Both come with a fee of £995.

The two-year discounted holiday let products include a 2.24 per cent rate (up to 65 per cent LTV) and a 3.39 per cent rate (up to 75 per cent LTV) and also come with a £995 fee.  

Furness head of intermediaries Alasdair McDonald (pictured) says: “We are proud to offer continued support to our intermediary partners and we recognise the need for products with a competitive rate especially in the Buy to Let sector. We feel that our improved product range highlights our commitment to the BTL market.”

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