Furness Building Society has launched a range of residential, buy-to-let and holiday let products.  

The mutual says its residential suite includes a 5.29% two-year discount, with a £999 fee, for cases up to 80% loan to value.  

It adds that this range is open to employed and self-employed borrowers, with its underwriters prepared to consider pre-tax profits in their affordability tests.  

For landlords, the lender offers a range of unregulated, regulated loans at up to 80% LTV and holiday lets at up to 75% LTV.  

Its lowest rate BTL product is a five-year fixed-rate deal, with a pay rate of 5.74% at up to 75% LTV, with a £995 fee.  

BTL applications will be assessed based on an applicant’s overall financial situation — not just an interest coverage ratio calculation.

The firm adds: “Earned income together with mortgage and other credit commitments will be reviewed personally by an underwriter.”  

In holiday let cases, borrowers are allowed use of the property for up to 90 days a year.  

All products in this new range — which covers England, Wales and Scotland — come with £250 cashback.  

Furness head of intermediaries Alasdair McDonald says: “With our individual approach to underwriting, we can cater for the straightforward cases as well as those that need a closer look and a personal touch.”