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TODAY'S OTHER NEWS

Furness enhances its criteria for UK brokers

After listening to feedback from brokers, Furness Building Society has increased the maximum LTV in Scotland to 95% on standard residential cases and 80% LTV for self-build properties.

Furness has introduced a number of enhancements to its products and criteria throughout 2017, in an effort to improve its service and the experience it delivers to mortgage brokers.

Euan Ballantyne, head of products, commented: “It’s fantastic that we are now able to provide our full product range north of the border.”

“As one of a relatively small number of building societies supporting the Scottish market in the 90% and 95% LTV brackets,” he added.

With fresh criteria, brokers throughout the UK will have full access to their product range with rates as low as 1.24% at 75% LTV.

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