Furness Building Society has introduced a range of “highly competitive mortgage products” with deals starting from 4.39%.
Within the new range is its two-year fixed purchase mortgage rate up to 80% loan to value (LTV) at 4.39%. This is available in England, Scotland and Wales.
It has no upfront application fees, a £999 product fee and a maximum loan size of up to £800,000.
Furness Building Society added that it has made “significant improvements” to its buy-to-let and Own New ranges, offering brokers “more flexibility and choice”.
Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “Our new product range is designed with intermediaries in mind. We understand the importance of flexibility, and our manual underwriting approach allows us to look beyond the numbers and offer real solutions to brokers and their clients.
“The two-year fixed at 4.39% for up to 80% LTV is an excellent choice for brokers looking to secure a strong deal for their clients, and our case-by-case review process means we can consider circumstances that others may not.”
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Newbury BS cuts range of mortgage rates
Newbury Building Society has lowered select mortgage rates by up to 0.3% across its residential, shared ownership, existing borrower, made to measure, buy-to-let and expat ranges.
Within its standard residential range, three and five-year fixed rates at 75% LTV have been cut with the former priced at 4.64% and the latter pegged at 4.39%.
For shared ownership deals, all two and three-year fixed rates at 85% and 95% LTV will be reduced by 0.2%.
Its two-year fixed mortgage rate at 85% LTV will start from 5.09% and its three-year fixed rate will begin from 5.39%.
Existing borrower products, which include standard residential and shared ownership products, will fall by around 0.2%, with rates starting from 4.54%.
The lender’s made to measure three-year fixed rate mortgage product, which is for customers who do not fit high street criteria, will decrease from 5.29% to 4.99%.
Newbury Building Society’s buy-to-let five-year fixed rate for individuals has contracted from 5.49% to 5.24%, while its limited company five-year fixed mortgage rate will decrease from 5.89% to 5.64%.
The firm’s expat buy-to-let five-year fixed rate has decreased from 6.29% to 5.64%.
Roger Knight, product manager (mortgages) at Newbury Building Society, said: “We’re pleased to announce several rate reductions across our standard residential, shared ownership, and existing borrower mortgages as we continue our work to support borrowers looking for their first or next home.
“At the society, we take pride in our reputation as a flexible lender and hope that the reductions we’ve made on some of our limited company buy-to-let, expat, and made to measure products will support borrowers with more complex or unusual mortgage needs.”
