The product is fee free, with an initial interest rate of 3.24% for loans up to 75% LTV and no early repayment charges after the first two-years.
An early repayment charge is applicable in years one and two only, with free valuation for remortgage application – maximum £325 and fee legal package for remortgage applications (or £150 contribution).
It also offers a £250 cashback for purchase applications.
Ian Bell, general manager for marketing and development at Furness Building Society, says: “Similar to ourselves, mortgageforce has an excellent reputation for the quality of their customer service and commitment to building long-term relationships. This, together with their nationwide adviser coverage, makes for an exciting relationship that will add value to both businesses.”
Kevin Duffy, managing director for mortgageforce, says: “Furness Building Society is a well run and financially strong building society with a well deserved reputation for the quality of its customer service. Their careful approach to mortgage lending together with a track record of providing market leading mortgage products makes this a partnership we are delighted to have.”