Furnace Building Society launches residential, buy to let (BTL) and holiday let products, intermediary co-operative bank offers mainstream mortgage and BTL housing for new business and retention Relaunched the loan range.
The BTL range includes regulated, unregulated, and consumer BTL borrower options.
Interest rates on the new two-year product start from 4.84% for loan-to-value (LTV) up to 65% and 5.04% for LTV up to 75%, with a fee of £995.
Holiday product rates start at 5.28% over two years for up to 65% LTV and 5.18% over five years for up to 75% LTV, with a similar fee of £995.
These products are allowed for up to 90 days of personal use per year and all products in the range include £250 cashback.
Jonathan Cartledge, head of membership and broker strategy at Furness Building Society, said: Our comprehensive Buy to Let range covers regulated, unregulated and consumer cases, providing the right solution for a variety of borrower situations. ”
“We are particularly excited about our Holiday Let product, which combines competitive rates, flexibility for personal use, and the ability to accept Airbnb listings.”
Meanwhile, Cooperative Bank for Intermediaries has re-added three-year and five-year fixed home products and a lifetime tracker for new businesses.
Additionally, BTL's 2-year and 5-year fixed products and 2-year trackers have been reintroduced. Two-year and five-year professional mortgage fixed products have also been relaunched.
In terms of retention, selected 2-, 3-, and 5-year fixed residential products increased by 0.36%, while BTL's 2- and 5-year fixed products increased by 0.27%.
The lender has also increased selected two-, three- and five-year fixed interest rates by up to 0.25%.