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TODAY'S OTHER NEWS

Furness for Intermediaries cuts rates for first-time buyers

Furness for Intermediaries has made reductions across its 95% product range.

This includes the two-year fixed rate products, which now start from 3.08% with an option of £1,000 cashback at 3.38%.

The five-year fixed rates now start from 3.38% with an option of a £1,000 cashback at 3.58%.

Meanwhile, the two-year discount products remain in the Moneyfacts Best Buy tables and are priced at 2.69% with £500 cashback and 2.99% with £1,500 cashback.

Alasdair McDonald, head of intermediaries at Furness, comments: “We understand that first-time buyers need the best start they can get and this isn’t always down to the cheapest rate.”

“We believe that the reduction in our 95% loan-to-value fixed rates complements our other first-time buyer propositions, which include our joint applicant/sole proprietorship solution and lending on new build houses.”

He adds: “We are committed to providing solutions for our intermediary partners and our flexibility in decision-making means it makes it easier for us to say yes.”

The 95% loan-to-value range is also available for remortgages with free valuation and legal fees on standard cases in England and Wales and a contribution of £150 towards fees in Scotland.

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