Furness launches new product range for larger loan sizes

Furness Building Society has launched two variable rate mortgages for loans between £300,000 and £500,000.

The two and three-year mortgages are suitable for loans up to a 70% loan-to-value and 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).

Neither product has an early repayment charge, meaning they are ideal for customers who would like to overpay.

Sue Heron, Furness Building Society’s marketing and sales director, said: “We are delighted with the launch of the new products. 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.”

For loans above £500,000 Furness recommends contacting its regional development team or the intermediary team on 0845 1948669.