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Financial Services > Mortgages > Mortgage Lenders > Furness Building Society

Furness Building Society

Furness Building Society is a UK mutual building society that aims to put its members first. It has branches throughout the North West, including Cumbria, Greater Manchester, Lancashire and Merseyside.

There are mortgage deals for first time buyers and those looking to re-mortgage, including fixed rate and flexible rate mortgages.

Furness Building Society has no shareholders that it needs to pay dividends to. This means it can pass on more of the profit it makes in the form of better rates of interest, innovative products and efficient and friendly service.

Furness is after all owned by, and run for the benefit of, its members. Furness Building Society also has a keen interest in the local community and has been awarded the prestigious CommunityMark for outstanding contribution to local community.

It has 4 main mortgage products to choose from:

  • New Start
  • Cash Back
  • Long Term Discount
  • Fixed Rate

Furness Building Society Mortgage Products
   

New Start: this is in effect a discount mortgage – the rate of interest is set at the society’s standard variable rate less an agreed discount for the first 3 years of the mortgage term. It then reverts back to the current standard variable rate for the rest of the mortgage.

Available if you are a first time buyer, moving home or moving your mortgage. An early repayment charge applies for the first 3 years. An arrangement fee is applicable.

Cash Back: the rate of interest is set at the society’s standard variable rate for the whole ‘life’ of the mortgage. 5% of your loan is cash back if you purchase your property, 4% is cash back if are re-mortgaging. No arrangement fee is applicable.

An early repayment charge will apply if you repay all or part of your mortgage in the first 5 years.

Long Term Discount: this is a discount off the Furness’s standard variable rate for the ‘life’ of the mortgage.

There are no early repayment charges. There are flexible benefits, you can make overpayments and underpayments and take payment holidays.

Fixed rate: Furness has fixed rate mortgage products but there is a large demand and the rates are liable to change. However once the mortgage is agreed upon with the society vthe rate will remain fixed for the set period.

If you are interested in a mortgage quotation including those offered by the Furness Building Society please complete our quick enquiry form.

Current Furness Building Society Mortgage Offers

Furness Building Society Mortgage News
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