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HomeMortgages Already have a mortgage with us? Member Exclusive 5 Year Fixed Rate Mortgage FR393

Member Exclusive 5 Year Fixed Rate Mortgage FR393

This fixed rate mortgage could be available to you from 5th February 2021 if your existing Darlington Building Society Mortgage has come to the end of its product term.

Our fixed rate mortgage allows you to plan your finances safe in the knowledge that your repayments will not be affected by changes in the interest rate until 30th June 2026. If you pay off your mortgage during this time, you will pay an early repayment charge of the following tariffs:

5% of the outstanding balance

 Before 30th June 2023

4% of the outstanding balance

 Before 30th June 2024

3% of the outstanding balance

Before 30th June 2025

2% of the outstanding balance

Before 30th June 2026

And because you never know when you might want to, you can make one lump sum repayment of 10% off your mortgage during the fixed rate period. A £125 re-inspection fee is payable where applicable. Where additional borrowing is above 60%, a £70 Further Advance Reinspection fee is payable by the applicant.

If you think this fixed rate mortgage could be for you, carry on reading for more information.

Interest Rate
2.99% fixed until 30.06.2026
For the remainder of the term of the mortgage, changing to our SVR currently
5.3% and remaining on standard variable rate terms for the rest of the mortgage
Overall cost for comparison
4.2% APRC
Fees
£0 Product fee
£0 Account Fee
Key features

£125 re-inspection fee payable.

£70 Further Advance Reinspection fee payable where applicable.

Capital Repayment basis, Interest Only and Part & Part options.

One lump sum repayment of up to 10% of the initial loan within the fixed rate period.

Up to 80% LTV (excluding any fees added).

Incentives

No product fee.

No account fee.

Insurance

No compulsory insurances.

Eligibility

This mortgage is available to existing Darlington Building Society borrowers over the age of 18. The mortgaged property must be your permanent home.

Higher lending charge
Not applicable.
Capital repayments
One lump-sum repayment of 10% allowed within the fixed rate period.
Early repayment charge
5% of the outstanding balance before 30th June 2023 / 4% of the outstanding balance before 30th June 2024/ 3% of the outstanding balance before 30th June 2025/ 2% of the outstanding balance before 30th June 2026.
Portable
Yes
Notes
How to apply
Do some calculations

Darlington Building Society are required to provide you with Standard Information which is a representative of the current mortgage, which is set out below:

Requirement
Society Example
The total amount of the credit
£120,000
Duration of the contract
21 Years
The duration of the fixed period
5 Years and 5 Months
The initial fixed rate
2.99%
The amount of the fixed rate instalments
£641.81
The number of the fixed instalments
65
The frequency of the fixed instalments
Monthly
Our Standard Variable Rate (SVR)
5.3%
The duration of the SVR period
15 Years and 7 Months
The frequency of the SVR instalments
Monthly
The amount of SVR instalments
£754.07
The total amount payable
£182,818.74
The total amount of interest payable
£62,728.52
Mortgage exit fee
£90
Product fee
£0
Account fee
£0
The overall cost for comparison
4.2% APRC
Representative example summary

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 01/12/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/02/2021.

All above information is for illustration purposes only and may vary depending on personal circumstances.

Want to speak to a friendly staff member?

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.

Branch finder

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

01325 366366

Repayment calculator

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