Furness Building Society Fixed 3.08% for 5 years
Assumed borrowing of £125,000 over 25 years, representative 4.8% APRC. Total amount payable: £214,456.33. Includes interest of £88,187.33, Valuation fee of £270, Booking fee of £0 and Administration fee of £999. Repayments: 60 monthly repayments of £597.98 at 3.08% (fixed), then 240 monthly repayments of £738.79 at 5.54% (variable).
Furness Building Society customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
| Maximum age | 80 |
|---|---|
| Minimum age | 18 |
| Location | England, Wales, Scotland |
| Restricted location note | Only available in Scotland. |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Purchase, Remortgage, First time buyer |
|---|---|
| Deal type | Fixed |
| Tracker type | N/A |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | Overpayments are allowed of up to 10% of the advance in each year |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | No |
Product fees
| Arrangement fee | £999 |
|---|---|
| Arrangement fee can be added to loan | Yes |
| Booking fee | £0 |
| Telegraphic transfer fee | £20 |
| Insurance fee | £25 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £30,000 |
|---|---|
| Maximum borrowing amount | £750,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 30 |
| Initial deal end date | N/A |
| Initial deal length (months) | 60 |
| APRC | 4.78% |
| Initial rate | 3.08% |
| Revert-to rate | 5.54% |
| Maximum LTV | 90.0% |
Other charges
| Exit fees | £90 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £195 for property value above £50,000 |
| Early repayment note | 5% then 4% then 3% then 2% then 1% until end of fixed period |
Standard benefits
| Valuation admin fee excluded from any refund offer | Yes |
|---|---|
| Maximum free valuation | £740 |
| Cash back amount | £0 |
| Further notes about benefits | Furness BS will contribute £150 towards legal fees for remortgages. |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Free |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |