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This discounted variable rate mortgage could be for you if you are buying your first home, moving house or simply moving your mortgage from another lender.
It could also be available to you for your newly built home using the Government's Help to Buy Equity Loan Scheme.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 31 August 2021. 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 this time, you will pay an early repayment charge of the following tariffs:
2% of the outstanding balance
Before 31st August 2020
1% of the outstanding balance
Before 31st August 2021
The Society will make a one-off contribution towards the cost of the basic valuation. The maximum contribution will be £300.00 and the actual amount depends on the value of the property. And because you never know when you might want to, 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.
Free basic valuation on properties valued up to £300,000.
£499 Product Fee.
£120 Account Fee.
Capital and Interest repayment only basis.
One lump sum repayment of up to 10% within the discounted period.
Up to 80% LTV (up to 75% for Help to Buy) (excluding any fees).
If you are a Help to Buy applicant, you can use up to a further 20% from the Government’s Help to Buy Equity Loan scheme. Please see the governments Help to Buy Equity Loan Schemes guidelines for further information about the scheme.
Legal fees for remortgages paid by the Society where Enact are instructed.
No compulsory insurances.
The mortgaged property must be your permanent home.
This mortgage is available to you if you are buying your first home, moving house or simply moving your mortgage from another lender. This mortgage is also 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.
If you are a Help to Buy applicant, you won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.
Please note the product is not portable for Help to Buy applications, however the product is portable for standard residential mortgages.
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 01/01/2017 – 31/12/2017 and if you were to take your mortgage product as at 01/05/2019.
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 staff ready and waiting to talk. If you’d like to discuss your options or you think you need help, call in at your local branch.
Alternatively call our enquiries line between:
9am and 5pm Monday to Friday (9:30am and 5pm Tuesday) or
9am and 12pm on Saturday
Our staff will be more than happy to help with any questions or queries
Or email us on: