Euan Ballantyne, Head of Products

Furness Building Society has launched a two year discount product at 1.09% and a 2 year tracker at 1.29% both available up to 70% loan to value.  Both products have a product fee of £999 and a maximum loan size of £900,000.  Available for both purchase and remortgage customers who will also benefit from a free standard valuation and free standard legal fees. However, if customers want to use their own conveyancer Furness will make a £150 contribution towards those costs.

To further support commitment to this sector of the market Furness has also recently made some changes to its criteria, one of which was to increase Loan To Income multiples to 4.5 for cases up to 85% LTV, and 4.25 for cases above 85%.  Head of Products, Euan Ballantyne told us “We are constantly looking at ways to improve our products, criteria and service and we’re confident that the enhancements we are making will make it easier for brokers to choose Furness for their clients.”