This discounted variable rate mortgage could be for you if you are buying up to three properties which you plan to let.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 31 January 2020. Until then your payments may increase or decrease as our standard variable rate changes, but you will not pay the full standard variable interest rate. If you pay off your mortgage during the discount period, you will pay an early repayment charge of 1% of the outstanding balance.
You will have to pay a mortgage product fee of £499. And to give you greater flexibility, you can make one lump sum repayment of 10% off your mortgage during the discount period.
If you think this discounted variable rate mortgage could be for you, carry on reading for more information.
Up to 70% Loan To Value including any fees added.
£499 Product fee
£120 Account fee
Valuation Fee payable according to the Society's scale. (scale B)
One lump-sum repayment of 10% allowed within the discounted period.
No compulsory insurances.
Buy to let only.
Not available to professional landlords. Not available on current local authority or ex-local authority homes.
Buy to let properties limited to 3 per applicant.
Darlington Building Society are required to provide you with Standard Information which is a representative of the current mortgage, which is set out below:
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 31/12/2015 – 31/12/2016 and if you were to take your mortgage product as at 01/11/2017.
All above information is for illustration purposes only and may vary depending on personal circumstances.
Here you can pay your mortgage related fees online.
Sometimes it's easier to discuss things face-to-face. All our branches have a mortage advisor ready and waiting to talk. If you’d like to discuss your options or you would like some advice, call in at your local branch.
Alternatively call our enquiries line between:
8am and 8pm Monday to Friday
9am to 1pm on Saturdays
Our Mortgage Advisors will be more than happy to help with any questions or queries
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