This 80% LTV product has a £999 fee which can be paid up front or added to the loan and is available for both purchase and remortgage cases, with a free legal package on remortgages.
The product has a 2% early repayment charge in the first year which then drops to 1% in the final year.
Furness Building Society’s Marketing and Sales Director, Sue Heron, said: “We are delighted to launch this fantastic new product. The product is supported by our bespoke underwriting process. We do not use credit scoring to assess applications, with each case looked at individually by an experienced underwriter who understands complex cases. By working in this way we are able to apply flexibility in our decision making.”
