Furness Finance

Furness Building Society, operating as Furness Finance, holds a distinct position within the UK financial landscape. While primarily known for its mortgage and savings products, Furness Finance provides a comprehensive suite of financial services tailored to individuals and businesses, largely within its regional heartland but also expanding nationally through intermediary partnerships.

The Society’s core business revolves around providing residential mortgages. They cater to a diverse range of borrowers, including first-time buyers, home movers, and those looking to remortgage. A key aspect of Furness Finance’s mortgage offerings is their focus on flexible terms and personalized service. They often take a more individual approach to underwriting, considering factors beyond simple credit scores. This can be particularly beneficial for self-employed individuals, those with complex income structures, or borrowers with a less-than-perfect credit history. Furness aims to bridge the gap for those who might find it challenging to secure financing from larger, more automated lenders.

Beyond mortgages, Furness Finance offers a variety of savings accounts, including fixed-rate bonds, notice accounts, and easy-access savings. These accounts provide customers with options to grow their savings at competitive interest rates, aligning with varying investment horizons and risk appetites. As a mutual building society, Furness is owned by its members, meaning profits are reinvested to benefit its customers through better rates and enhanced services, rather than maximizing shareholder returns.

Furness Finance also extends its services to the commercial sector, providing commercial mortgages and loans to businesses. This segment supports local businesses and entrepreneurs, contributing to the economic vitality of the regions they serve. They offer tailored financing solutions for property acquisition, business expansion, and other investment needs. Their commitment to understanding the local market and building strong relationships with business owners allows them to provide valuable support and guidance.

A defining characteristic of Furness Finance is its commitment to customer service. They pride themselves on offering a personal and approachable service, with experienced staff available to provide expert advice and guidance. This emphasis on relationship banking sets them apart in an increasingly digitized financial world. The Society invests heavily in maintaining its local branch network, providing customers with face-to-face access to banking services, which remains a vital aspect of their service offering. The Furness Building Society also uses a network of intermediaries to help customers across the UK.

In summary, Furness Finance operates as a multifaceted financial institution offering a diverse range of mortgage, savings, and commercial lending products. Rooted in its mutual status and a strong commitment to local communities, the Society provides personalized service and tailored solutions, distinguishing itself as a trusted financial partner for individuals and businesses.