Furness Building Society offering 0.99% two-year discounted mortgage

by Aaron Strutt

Jul 05 2015

Furness Building Society is offering a fantastically low two year rate for mortgages up to £250,000.

Trinity Financial has access to the 0.99% two year mortgage and it has a 4.55% discount from the Furness’s 5.54% standard variable rate (SVR).

After the two-year period the mortgage will revert to the societies SVR.

In order to qualify borrowers will need a 40% deposit and there is a £1,450 arrangement fee. The overall cost of comparison is 5.2% APR and 3% early repayment charges apply for the first two-years.  

Aaron Strutt, product manager at Trinity Financial, says: “If you can qualify for a sub-1% mortgage you are getting incredibly value for money. Even though Furness’s mortgage is capped at £250,000 it is still a particularly good deal.

“Furness is quite fussy when it comes to lending on flats and they have some rather strict acceptance criteria. For example, the property will need to have a pitched roof, be leasehold and no higher than the fourth floor. They don’t particularly like new build flats so it must have been lived in for at least five years.”

For help to secure a leading mortgage loan, call Trinity on 020 7016 0790