Furness Building Society has cut rates on its buy-to-let range of unregulated, regulated consumer let and holiday let loans by up to 65 basis points.  

The mutual tells brokers two- and five-year products up to 80% loan to value start from 5.19%.  

All landlord loans are assessed on an applicant’s overall financial situation, not just an interest cover ratio calculation, it points out.  

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

On holiday let offers, the lender allows owners up to 90 days of personal use of the property, and will consider both interest-only and repayment mortgages on properties across mainland UK.  

The business also has reductions on residential deals, with two-year fixes starting at 4.85% for cases up to 75% LTV, 4.89% for up to 80% LTV, and 5.34% for up to 90% LTV.  

Five-year residential options start from 4.66% for cases up to 80% LTV – and all home moving products in this new range include £250 cashback.  

Furness head of intermediaries Alasdair McDonald says: “Whether your client is an experienced property investor or first-time landlord, we can help find them the ideal BTL mortgage solution.”