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Furness Building Society – 3-Year 0.45% Discount

Furness Building Society – 3-Year 0.45% Discount

Type: Discounted rate mortgage

Discounted term: Three years

Discount: 0.45%

Payable rate: 4.99%

Minimum loan: £20,000

Maximum loan: Up to 90% of valuation subject to a maximum of £500,000

Income multiples: Loans up to 90% of valuation – up to 3.5 times principal income plus second or 2.75 times joint, up to 80% of valuation – up to 3.75 times principal income plus second or three times joint, up to 50% of valuation – up to 4.25 times principal income plus second or 3.25 times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty in the first three years, available only for property purchase in England, Scotland and Wales, available direct and through intermediaries

Arrangement fee: None

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

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



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