All our mortgages

At Darlington Building Society we are passionate about providing a mortgage that is right for you. We have expert mortgage advisors available in the branch who will take you through the process, explaining all you need to know and providing you with suitable solutions. Every mortgage application is considered individually and we use people, not computers to make our decisions so you can be sure that your needs will be listened to and understood.

Discounted Variable Rate mortgages

Initial rate of Changing to our Standard variable rate currently... Overall Cost For Comparison Maximum Loan to Value Fees Features
Help to Buy 2 Year Discount Mortgage D372 2.04% Until 30 November, 2020 5.95% 5.3% APRC 75%
Product Fee £399
Account Fee £120
Valuation fees? Yes

The Society will make a maximum contribution of £300.00 towards the valuation fee and the actual amount depends on the value of the property.

This mortgage is only available to applicants purchasing a new build property via the Help to Buy scheme in England and Wales via one of our branches or an intermediary. It is not available for the London Help to Buy scheme.

You can use up to a further 20% from the Government’s Help to Buy Equity Loan scheme.

A £215 Additional Borrowing Fee is payable where applicable.

Full details
Discount Mortgage D375 1.79% Until 28 February, 2021 5.95% 5.1% APRC 80%
Product Fee £399
Account Fee £120
Valuation fees? Yes

The Society will make a maximum contribution of £300.00 towards the valuation fee and the actual amount depends on the value of the property.

Full details
Discount Mortgage D376 1.59% Until 28 February, 2021 5.95% 5.1% APRC 80%
Product Fee £999
Account Fee £120
Valuation fees? Yes

The Society will make a maximum contribution of £300.00 towards the valuation fee and the actual amount depends on the value of the property.

Full details
Discount Mortgage D377 2.39% Until 28 February, 2021 5.95% 5.2% APRC 90%
Product Fee £299
Account Fee £120
Valuation fees? Yes

The Society will make a maximum contribution of £300.00 towards the valuation fee and the actual amount depends on the value of the property.

Full details
Discount Mortgage D378 2.24% Until 31 January, 2022 5.95% 4.9% APRC 80%
Product Fee £0
Account Fee £0
Valuation fees? Yes

The Society will make a maximum contribution of £300.00 towards the valuation fee and the actual amount depends on the value of the property.

£500 cashback.*

 

*The cashback will normally be paid to you within 6 weeks of the legal completion of this mortgage.

Full details
Interest Only Discount Mortgage D391 2.99% Until 30 April, 2022 5.95% 5.4% APRC 70%
Product Fee £499
Account Fee £120
Valuation fees? Yes

The Society will make a maximum contribution of £300.00 towards the valuation fee and the actual amount depends on the value of the property.

Available on interest only basis.

A £215 Additional Borrowing Fee is payable where applicable.

Full details
Your mortgage is secured on your home. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Discounted Variable Rate Representative Example

A mortgage of £112,000 payable over 22 years initially on a discount variable rate for 2 years at 1.69% and then on our current Standard Variable Rate of 5.95% (variable) for the remaining 20 years would require 24 monthly payments of £509.73 and 240 monthly payments of £740.26.

The total amount payable would be £189,985.92 made up of the loan amount (£112,000) plus interest (£77,577.76) plus product fee £199, account fee of £120 and mortgage exit fee of £90.

The overall cost for comparison is 5.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.