Furness Building Society

Proc fees - when your proc fee will be paid

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

• We lend in England, Scotland and Wales.
• Up to 95% LTV lending with no credit score, including new build houses, pound for pound Re-Mortgages & JBSP.
• Day 1 Residential Re-Mortgage (no six month rule)
• Use 5% of SIPP Fund if not drawn down for affordability, applicants need to be 55 or over.
• Complex Self Employed
  • Limited Company shareholding directors assessed using share of profit BEFORE tax
• Short Term Lending
  • 60% LTV ERC free 24 month term
  • Serviced Interest 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