Regulated “family” Buy to Let product launchedMake Text Bigger
Furness for Intermediaries has launched a regulated “family” Buy to Let 5 year fixed rate product. A regulated family BTL is where it is your intention now or in the future to have a close family member live in the property.
This includes in the horizontal family tree plane Brothers and Sisters and in the vertical Parents, Grandparents, Children and Grandchildren.
The family 5 year fixed product is priced at 3.75% up to a max 75% Loan to Value with a fixed £1,495 fee including free Valuation and legals for a remortgage.
Furness is happy to accept applications on an interest only basis for both regulated and unregulated buy to lets.
Other Regulated Family products include:
- 3.15% variable for 2 years up to a max 60% LTV with a £995 fee reverting to MVR @ 5.29%
- 3.6% variable for 2 years up to a max 75% LTV with a £995 fee reverting to MVR @ 5.29%
Head of Intermediary Distribution, Barry Fitzsimmons said “we’ve looked at the market and listened to our intermediary partners to create a product range which we feel is comprehensive and supports landlords with their choice of mortgage product whilst providing a solution for brokers and their clients.
If you need assistance with any type of property finance please complete the contact form below and we will be happy to help 🙂