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TODAY'S OTHER NEWS

Furness launches a new choice of rates and fees for improved product ranges

Furness Building Society (FBS) has confirmed the launch of its improved product range with new competitive discount and tracker products.

These new assets add to the wide variety of products offered as they aim to continue to support the intermediary channel with their flexible approach to underwriting.

Sue Heron, director of Marketing and Sales at FBS, said: “We are delighted with the launch of the new products. We strive to remain competitive for our brokers but it’s also important to remember that we do not use credit scoring."

The new products carry competitive pay rates of 1.24% (two-year discount) and 1.44% (two-year tracker), while both products have a £999 product fee. They are also offering two fee-free versions of the products with pay rates of 1.69% (two-year discount) and 1.79% (two-year tracker).

Heron added: “Every case is looked at individually by an experienced underwriter. By working in this way, we are able to look at complex cases and apply flexibility in our decision making.”

The brand-new products are for mortgages up to 80% LTV and have a maximum loan size of £800,000, making this suitable for both remortgages and purchases.

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