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Furness Building Society Cuts Rates on Residential and Buy-to-Let Mortgages

Headline-Grabbing Interest Rate Drops

Furness Building Society is making waves in the mortgage market with substantial interest rate cuts on its residential and buy-to-let fixed-rate deals.

Reduced Rates for Homeowners and Investors

Homebuyers and property investors can now secure more affordable mortgage rates from Furness Building Society. Residential fixed-rate mortgages have been reduced by up to 24 basis points, while buy-to-let rates have been slashed by up to 35 basis points.

These reductions offer significant savings for borrowers, potentially reducing monthly mortgage payments and making homeownership or property investment more accessible.

Enhancing Competitiveness in the Mortgage Market

Furness Building Society's rate cuts are part of its strategy to enhance its competitiveness in the mortgage market. By offering attractive rates, the Society aims to entice new customers and retain existing borrowers.

The reduced rates are particularly noteworthy in the current economic climate, where rising inflation and living costs are putting pressure on household finances.

What's on Offer?

• Residential fixed-rate mortgages: Reduced by up to 24 basis points
• Buy-to-let fixed-rate mortgages: Reduced by up to 35 basis points
• New two-year products for residential buy-to-let and holiday let

Maximizing Savings on Mortgage Costs

Borrowers are encouraged to compare mortgage rates from different lenders to secure the best deal. Furness Building Society's rate cuts provide an excellent opportunity to reduce monthly mortgage payments and save money over the long term.

Potential borrowers are advised to seek professional financial advice and consider their individual circumstances before making a mortgage decision.

Conclusion

Furness Building Society's latest rate cuts offer a significant opportunity for homeowners and property investors to secure more affordable mortgages. With attractive rates and a range of product options, the Society is well-positioned to help individuals achieve their homeownership or investment goals.