Published: 29 November 2022
Darlington Building Society is now offering two low deposit, five year Fixed Rate mortgages, providing the much-needed stability many first-time buyers are seeking at the moment.
The low deposit range includes a 90% loan to value (LTV) mortgage, available nationwide. This mortgage requires just a 10% deposit, offering a fixed rate of interest for five years. This means that repayments will remain fixed for the initial five-year term.
The other mortgage is exclusive to Darlington Building Society’s local operating area. It requires just a 5% deposit (95% LTV). This mortgage also offers a Fixed Rate of interest for five years.
Chris Brown, Products and Marketing Director at Darlington Building Society said: “At Darlington Building Society we hope bringing our low deposit, Fixed Rate mortgages back to the market will provide much-needed opportunities for those looking to buy their own home.
“The turbulent mortgage market has limited the availability of low deposit fixed rate mortgages on a national and local level. By being back in this segment of the market, we are pleased to be able to help those with a low deposit to find their place on the property ladder, both nationally and with our local area exclusive.”
Learn more about Darlington Building Society mortgages here.