Two competitive variable rate products specifically for loans between £300,000 and £500,000 have been launched by Furness Building Society.
Suitable for loans up to 70% LTV, the two and three year discount products carry a pay rate of 1.40% for two years (with a £1,499 fee) and 1.75% for three years (with a £999 fee).
They are seen as ideal for customers who would like to overpay because neither product has an early repayment charge.
“We are delighted with the launch of the new products,” Sue Heron, Furness Building Society’s Marketing and Sales Director, commented.
"One of the benefits of recommending Furness Building Society is that we do not use credit scoring to assess applications. Every case is looked at individually by an experienced underwriter, our ability to be flexible and bespoke our products lends itself to customers with larger sized loans.”