"We’re really thrilled to be ready to accept applications on this basis as people start to think about consolidating both elements of the mortgage"
Furness is offering its full product range for these mortgages, including cases up 95%.
All of Furness’ 95% mortgages offer a cashback ranging from £300 up to £1,500.
Customers can also take advantage of additional borrowing for home improvements at the time of application, allowing customers to transfer their existing mortgage, repay their Help to Buy loan and improve their home with one application.
A free legal fee package will be available, however Furness noted that there may be additional legal fees to incur for the repayment of the equity loan via a solicitor.
Alasdair McDonald, head of intermediaries, said: “We’re really thrilled to be ready to accept applications on this basis as people start to think about consolidating both elements of the mortgage, at the point they have to start to repay the equity loan. With the full product range on offer brokers can be sure that they will get the best available deal for their customers.”
