Two new five year fixed-rate buy-to-let products have been launched by Furness for Intermediaries, strengthening the firm's product range and its commitment to the buy-to-let sector.
First up, there is a regulated (family) buy-to-let product priced at 3.75%, while the second product is an unregulated buy-to-let deal at 3.20%. There is an upper limit of 75% LTV on both of Furness's new products.
The products offer a maximum loan size of £500,000 and include a free legal and valuation package for remortgages in England and Wales. Both carry a fee of £1,495.
On both the products Furness say they are willing to accept applications on an interest-only basis.
“We’ve looked at the market and listened to our intermediary partners to create a product range which we feel is comprehensive and supports landlords with their choice of mortgage product whilst providing a solution for brokers and their clients,” Barry Fitzsimmons, Head of Intermediary Distribution at Furness of Intermediaries, said.
Furness Building Society, which has been going since 1865, operates a branch and agency network across Cumbria and Lancashire, offering mortgages, savings and insurance to customers.