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Furness Building Society – 3-Year 1.65% Discount – Remortgage

Furness Building Society – 3-Year 1.65% Discount – Remortgage

Discounted term: Three years

Discount: 1.65%

Payable rate: 3.79%

Minimum loan: £20,000

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000

Income multiples:  Loans 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 in the discount period without penalty, free valuation up to £325, free legal fees if in-house solicitor used or £150 contribution towards legal costs, £150 contribution only for properties in Scotland, available direct and through intermediaries

Flexible features: Overpayments, underpayments, payment holidays

Arrangement fee: £499 completion fee

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

Contact: www.furnessbs.co.uk/intermediaries

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