Furness Building Society’s 80% loan-to-value (LTV) 2-year fix at 1.79% has been awarded an ‘outstanding’ rating by Moneyfacts.
According to the lender, the offering priced at 1.79% sits towards the top on sourcing for this type of product.
The fee has been reduced to £999 and it offers an incentive package for standard remortgages in England and Wales, which includes free valuations and legal fees.
For cases in Scotland, the lender will contribute £150 towards legal fees.
Residential applications are welcome on new-build houses, from employed and self-employed customers, with lending from £30,000 up to a maximum of £800,000.
Alasdair McDonald, head of intermediary mortgages at Furness for Intermediaries, said: “We’re really pleased that this 2-year fixed rate has been recognised as ‘outstanding’ by Moneyfacts.