
Furness Building Society has launched residential, buy-to-let (BTL) and holiday let products, while the co-operative bank for intermediaries has relaunched its mainstream and BTL mortgage ranges for new business and retention.
The BTL range includes options for regulated, unregulated, and consumer BTL borrowers.
The rates on new two-year products start at 4.84% for cases up to 65% loan-to-value (LTV) and 5.04% for cases up to 75% LTV with a £995 fee.
Rates on products for holiday let clients will start at 5.28% for two years for cases up to 65% LTV and 5.18% for five years for cases up to 75% LTV, also with a £995 fee.
These products allow up to 90 days of personal use per year and all the products in the range include a £250 cashback.
Furness Building Society head of member and broker strategy Jonathan Cartlidge says: “We’re delighted to launch our offering with this new range of products. Our comprehensive Buy to Let range caters to regulated, unregulated, and consumer cases, providing solutions that suit a variety of borrower circumstances.”
“We’re particularly excited about our Holiday Let products, which combine competitive rates, flexibility in personal use, and the ability to accept Airbnb properties.”
Meanwhile, the co-operative bank for intermediaries has re-added three- and five-year fixed residential products and lifetime trackers for new business.
In addition, BTL two- and five-year fixed products and two-year trackers have been reintroduced. Two- and five-year professional mortgage fixed products have also been relaunched.
For retention, selected two-, three- and five-year fixed residential products have increased by 0.36% while BTL two- and five-year fixes have gone up by 0.27%.
The lender has also increased the rates on selected two-, three- and five-year fixes by up to 0.25%