A new range of large loans has been launched by Furness Building Society.

The deals are available to borrowers who want a mortgage between £300,000 and £500,000 and have at least 25% of the property’s value to put down as a deposit or equity stake.

The two-year discounted rate mortgage is priced at 1.4% and comes with a fee of £1,499.

The three-year discount deal is 1.75% and has a £999 fee.

Both mortgage products are free of any Early Repayment Charges.