Furness BS launches consumer buy-to-let offering

Furness Building Society has announced that it will now consider all consumer buy-to-let applications and has launched two new dedicated products.

Related topics:  Mortgages
Rozi Jones
9th June 2016
BTL house signs buy to let
"The Furness is delighted that we are now in a position to cater for consumer buy-to-let applications"

The 2 year discount products include a 60% LTV with a rate of 2.85% and a 75% LTV at 3.14%.

The discounted products both have no early repayment charges and are available for both purchase and remortgage cases with a free legal package on remortgages.

Sue Heron, Marketing and Sales Director, said: “This relatively recent addition to the buy-to-let world has caused some confusion with both consumers and lenders in the first few months following the Mortgage Credit Directive. The Furness is delighted that we are now in a position to cater for consumer buy-to-let applications and believe that our product offering, coupled with our manual approach to underwriting, will be appealing in the current mortgage market.”

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