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Furness Building Society – Long Term 1.55% Discount – Remortgage

Furness Building Society – Long Term 1.55% Discount – Remortgage

Type: Discounted rate remortgage

Discounted term: Life of the loan

Discount: 1.55%

Payable rate: 3.89%

Minimum loan: £20,000

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

Income multiples: Up to 4.25 times principal income plus second or 3.25 times joint based on amount borrowed

Conditions: Capital repayments of up to 10% a year allowed without penalty in the first two years, free valuation up to £335, free legal fees or £150 contribution towards legal fees but £150 contribution only for properties in Scotland

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 £1,750 maximum

Tel: 0800 781 4311

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