Furness Building Society
Furness Building Society

Furness Building Society

We are a solution based mortgage lender that strives to make it easy for our intermediary partners to say yes. 

Offering an individual approach to underwriting, we believe in a personal service ensuring that all advisers have access to both field and telephone Business Development Managers to help you place more complex cases.
 

Proc Fees

Product Gross Net
Residential & BTL 0.40% 0.38%
Product Type When does the lender pay PMS? Frequency
All The first Friday 10 working days following completion. Weekly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Overview

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Register to place business with Furness Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

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  • We lend in England, Scotland and Wales.
  • Up to 95% LTV lending with no credit score, using affordability based on actual figures not ONS.
  • Day 1 Re-Mortgage (no six month rule)
  • Complex Self Employed
    • Limited Company shareholding directors assessed using share of profit BEFORE tax
    • Flexibility re adding back directors pension contributions
  • Short Term Lending
    • Short Term Lending
    • 60% LTV ERC free 24 month term
    • ServicedInterest only
    • Used for non-simultaneous sale and completions
  • Affordability Based Buy To Let using income rather than ICR’s
  • Regulated (Family) Buy To Let
  • Holiday Lets
    • Allow clients to occupy property for 90 days per annum 
    • Air B n B considered