Furness announce launch of new self-build products

Furness announce launch of new self-build products

Furness Building Society has announced that it has launched a new range for self-builders who are looking for an Advance Stage Payment mortgage.

According to the lender, the Advanced Stage Payment product is now available exclusively through BuildLoan, which the Society has partnered with for a number of years.

Furness has also taken the opportunity to enhance its lending criteria and product features as part of the launch.


Euan Ballantyne, Head of Products at Furness, said: “We believe our products are competitively priced and have no doubt that, by working together with BuildLoan, we can provide intermediaries with an exclusive mortgage solution designed specifically for clients who are building their own home, or converting/renovating an existing property. We have seven years’ experience in this specialist market and believe that by offering Advanced Stage Payments we can help self-builders with their cash flow, thereby making the homebuilding process quicker and easier for them."

Rachel Pyne, BuildLoan Operations Director, added: “We are delighted that Furness has developed an Advance Stage Payment Product which will provide an even greater level of support to mortgage intermediaries and their clients. Having worked with Furness for a number of years, we look forward to increased lending through this new product. It’s great to have another lender on board offering Advance Stage Payments alongside the traditional Arrears Stage Payment mortgages."

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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