Furness Building Society has improved its new business mortgage product range, launching a series of fixed rate products designed to support both first-time buyers and those looking for affordable housing solutions.

The new range includes a two-year fixed rate product at 4.73% up to 90% LTV, providing an option for customers with smaller deposits. This product is available across England, Scotland, and Wales, with a free valuation and a £999 fee.

Furness has also made enhancements to its shared ownership offering. The new range includes a two-year fixed rate from 4.45% (up to 85% loan to share) and a five-year fixed rate from 4.28% (up to 85% loan to share).

Commenting on the new products Furness head of member and broker strategy Jonathan Cartlidge said: “At Furness, we’re committed to evolving our product range to meet the needs of today’s borrowers. These latest enhancements, including our new 90% LTV product and improved shared ownership options, reflect our ongoing efforts to support intermediaries and customers alike with competitive rates and practical solutions.”