Furness Building Society has recently announced the launch of a new range of high loan-to-value (LTV) mortgage deals. This move is part of the Society’s commitment to helping more people get on the property ladder.
The new range of mortgages will offer up to 95% LTV, meaning that borrowers can borrow up to 95% of the value of their property. This is a significant increase from the traditional 90% LTV mortgages that are widely available.
The new range of mortgages will be available to both first-time buyers and existing homeowners. This could be a great opportunity for those who are struggling to save up a large deposit, as they can now borrow more of the value of their property.
The new range of mortgages will also offer competitive interest rates. This could make it easier for borrowers to manage their monthly mortgage payments. The Society has also said that it will consider applications from those with less than perfect credit histories.
The launch of these new mortgages is part of the Society’s commitment to helping more people get on the property ladder. It is hoped that this move will help to make homeownership more accessible to those who may not have been able to access it before.
Overall, the launch of these new high LTV mortgages by Furness Building Society is great news for those looking to get on the property ladder. It could make homeownership more accessible and could help to make monthly mortgage payments more manageable.