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Furness Building Society – 2-Year BBR + 3.19% Tracker

Furness Building Society – 2-Year BBR + 3.19% Tracker

Tracker term: Two years

Tracker rate: 3.19% above the Bank of England base rate

Payable rate: 3.69%

Minimum Loan: £20,000

Maximum Loan: up to 80% of valuation subject to a maximum of £250,000

Income multiples: Up to 4.5 times principal income plus second or 3.25 times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty, free valuation up to £325 and free legal fees for remortgages if in- house solicitors used, otherwise £150 contribution towards legal costs, available direct and through intermediaries, not available for properties in Northern Ireland

Arrangement fee: None

Redemption fee: 3% of the original loan in the first two years

Introducer’s fee: 0.35% of the original loan subject to a £100 minimum and a £1,750 maximum

Tel: 0800 220568


SMEs face struggle

As I write this column, we are entering the last week of the Money Marketing Retirement Planning Invitational seminars being held around the country. For me, it has been time to catch up with some old friends – Mike Morrison has been chairing the seminars and Fiona Tait from Scottish Life has been a speaker […]


Tisa ready with draft deal on re-registration

The Tax Incentivised Savings Association has issued an update on its re-registration project and is expected to publish a draft service level agreement this week. Tisa’s project aims to streamline and fully automate the transferral of assets from one platform provider to another. The SLAs will be posted on the Tisa website for the industry […]

Colin Walsh appointed CML chairman

Council of Mortgage Lenders chairman Matthew Wyles (pictured) is stepping down from his role next year.  Wyles, who has been in the role for two years, will be replaced by Lloyds Banking Group managing director of mortgages Colin Walsh. Speaking at the CML’s Mortgage Industry Conference and Exhibition today, Wyles said: “This is my final […]

Fixed points

Illiquidity issues remain in the secondary fixedinterest market, potentially making it difficult to sell issues if the sector’s popularity suddenly reverses. Although credit markets have come a long way since the difficulties of 2008, the situation behind the scenes is not as robust as it was pre-crisis and trading remains problematic. According to some commentators, […]


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