Furness Finance Barrow

Furness Finance, based in Barrow-in-Furness, Cumbria, is a locally-rooted financial institution with a long history of serving the community. Operating as part of the Furness Building Society group, it provides a range of financial products and services, primarily focusing on lending and savings, to individuals and businesses in the Furness peninsula and surrounding areas.

One of the key strengths of Furness Finance lies in its understanding of the local economic landscape. Barrow-in-Furness has a unique industrial heritage, largely dominated by shipbuilding and engineering, particularly BAE Systems Submarines, a major employer in the region. Furness Finance tailors its services to cater to the specific needs of residents working in these industries, as well as supporting smaller businesses and entrepreneurs contributing to the local economy.

On the lending side, Furness Finance offers mortgages, personal loans, and commercial loans. Their mortgage products are often popular with first-time buyers and those looking to remortgage, particularly within the Barrow-in-Furness area. They pride themselves on providing a personalized service, often working closely with clients to understand their individual circumstances and offering tailored lending solutions. Unlike larger national banks, Furness Finance can sometimes offer more flexibility in their lending criteria, recognizing the nuances of the local job market and property values.

For businesses, Furness Finance provides commercial loans to support various needs, such as expansion, equipment purchase, or working capital. Their local knowledge allows them to assess the viability of businesses in the area and offer tailored financial support, contributing to the growth and sustainability of the local economy.

Beyond lending, Furness Finance also offers a range of savings accounts, attracting deposits from local residents and businesses. These deposits are then used to fund their lending activities, creating a virtuous cycle of local investment and growth. Their savings products often include ISAs, fixed-rate bonds, and easy-access accounts, catering to a variety of savings goals.

Furness Finance benefits from the strong brand reputation of the Furness Building Society, known for its financial stability and customer-focused approach. Being part of a mutual building society means that profits are reinvested back into the business, allowing them to improve their services and offer competitive rates to their customers. The emphasis on community values and personalized service sets Furness Finance apart from larger, more impersonal financial institutions. Their staff often live in the local area, fostering a sense of trust and understanding with their customers.

In conclusion, Furness Finance plays a vital role in the financial well-being of the Barrow-in-Furness community. By providing tailored lending solutions, attractive savings products, and a strong commitment to local values, it contributes to the economic growth and prosperity of the region. Its deep understanding of the local economy and its focus on personalized service make it a valuable asset for individuals and businesses in the Furness peninsula.