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Friday 10th April 2020
 

Furness Business News

FURNESS TAKES BEST MORTGAGE LENDER CHALLENGE

BARROW building society has been crowned best British mortgage lender for 2007.

Furness Building Society staff, including chief executive Rob Cairns, were elated after coming out winners in the survey by online mortgage company www.mform.co.uk.

It tracks mortgage offers by all firms during the year.

The Furness came top for most competitive lender with house loan giants like the UK biggest, the Halifax bank, forced into 36th place.

Mr Cairns said: This is great news not just for our present members but also for our future members.

To be named as most competitive lender, isn't bad for someone based in Barrow-in-Furness, is it?

We always knew we offered some of the best mortgage deals, but to be recognised in this way will hopefully say to a lot of potential future customers come to the Furness as we are a dynamic, forward thinking, modern lender that offers some of the most competitive mortgage products.

Abbey was highest placed big lenders at 17th followed by Nationwide at 20th.

According to www.mform.co.uk, building societies not banks consistently offered the best value mortgages during 2007, and occupied all of the top 10 places for lenders.

www.mform.co.uk. ranked best buy products across all categories based on the true cost of a mortgage, including all fees.

Each time a lender appeared in the top 10 of a best buy table, they were awarded a point, with those that had the most points at the end of the year judged to offer the best value.

Furness Building Society emerged as the clear winner followed by Skipton and Britannia.

It had 86 points compared with nearest rival the Skipton's 55 points. The Cumberland Building Society was in eighth place with 39 points.

The aim of www.mform.co.uk is to allow people to simplify the process of choosing a mortgage by identifying the best ones for them based on a range of criteria, including cost and product features such as the ability to make over-payments.



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