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.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 31.05.2020. 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 this time, you will pay an early repayment charge of 1% of the outstanding balance.
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.
£299 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 90% LTV.
Basic valuation fee contribution of up to £300.00.
Legal fees for remortgages paid by the Society where Enact are instructed.
No compulsory insurances.
Your discount mortgage will be governed by our rules, our mortgage conditions and the terms of our offer.
Our mortgages are available to anyone aged 18 or over who meet our conditions. All loans depend on your circumstances and a satisfactory valuation of the property you are buying. Your property will be security for the loan and you may need to provide extra security. You can get a written illustration from any of our branches or from our head office.
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 01/02/2018.
All above information is for illustration purposes only and may vary depending on personal circumstances.
Here you can pay your mortgage related fees online.