Furness Building Society unveils new BTL mortgage | Product News - Moneyfacts

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Furness Building Society unveils new BTL mortgage

Furness Building Society unveils new BTL mortgage

Category: Mortgages
Date: 15/08/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Furness BS has two new discounted buy-to-let mortgages on its books. Both offer competitive rates, along with some of the lowest discounts currently available.


The basics…

Let 78 and Let 79 have two-year discounted variables of 2.85% (2.65% discount), which revert back to a 5.54 % variable once the term has ended. Both mortgages are only available to the experienced, professional landlord.


The finer details…

These mortgages come with a reasonable fee of £995 (either as an application fee or a completion fee) and are available to direct or intermediary applications of up to 60% loan-to-value (LTV).

Flexibility is offered in terms of the ability to make overpayments, with the option to make up to a 10% reduction on the outstanding balance. However, underpayments and payment holidays are not available.

For remortgage customers based in England and Wales, there are added incentives of free valuation (up to £335) and free legal fees. For customers outside of these regions, free valuation and free legal costs of up to £150 are available.


Why we like it…

These BTL mortgages offer very attractive rates and appealing discounts, as well as a reasonable fee and a great incentive package. Combined, these make Furness BS's BTL mortgage offerings very attractive to an experienced landlord on the look-out for a good mortgage deal.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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