The Furness Building Society has become the latest lender to join Legal & General Mortgage Club’s panel.
The Furness’ product range includes LTVs up to 95% with no credit check and affordability tested based on actual rates, rather than ONS. The lender also handles complex cases including self-employed and short-term lending across England, Scotland and Wales.
Using income rather than ICRs, the lender also offers buy-to-let products including regulated, family and holiday lets, allowing borrowers to occupy the property for 90 days per annum, with AirBnB also considered. The products will be available through Legal & General Mortgage Club partners.
Danny Belton, head of lender relationships for Legal & General Mortgage Club, said: “With the aim of connecting our brokers with a broad range of high-quality lenders – we can now announce the addition of the Furness Building Society to the Legal & General Mortgage Club panel. Furness Building Society’s approach to helping borrowers get the specialist mortgages they need makes them a fantastic addition. Benefitting brokers and their customers.”
Alasdair McDonald, head of intermediary mortgages at the Furness Building Society, added: “We’re committed to helping more customers own their own home, and being on the Legal & General Mortgage Club lending panel will allow us to make our solutions based intermediary mortgage offering available to a greater number of brokers throughout England, Wales & Scotland.
“Our mortgage intermediary offering is constantly evolving, based on valuable broker feedback, and this new partnership allows us to continue that journey and shows our commitment to the broker mortgage market.”