Furness Building Society has cut mortgage rates by up to 0.25% for both residential and buy-to-let borrowers.

This is welcome news for anyone looking to buy a home or expand their property portfolio. The cuts apply to fixed-rate products across a range of loan-to-value ratios (LTVs), meaning that there are savings to be made for everyone.

Residential Rate Reductions

The biggest reduction on residential mortgages is a cut of 0.25% on a 2-year fixed-rate deal for those remortgaging with an 80% LTV. This means borrowers can now secure a rate of just 4.54%.

First-time buyers haven’t been forgotten either! Furness has also reduced the rate on its 5-year fixed-rate mortgage at 90% LTV. This popular product is now available at 4.54%, a reduction of 0.15%.

Buy-to-Let Boost

Landlords will also be pleased to hear that Furness has made significant cuts to its buy-to-let range. Rates now start from a competitive 5.29% and the 0.25% reduction applies to a range of products, including:

• Regulated mortgages
• Unregulated mortgages
• Consumer buy-to-let
• Holiday let mortgages

A Personal Touch

Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, commented: “We are thrilled to offer these new rate reductions, reinforcing our commitment to providing competitive products across England, Scotland, and Wales.”

Importantly, Cartlidge highlighted the building society’s commitment to providing a personalised service. He emphasised: “Our unique approach of individually reviewing each application without using credit scoring ensures a flexible and personalised experience for our clients.”

So, whether you’re a first-time buyer, looking to remortgage, or a seasoned landlord, it’s worth considering Furness Building Society.