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This discount mortgage could be available to you from 5th February 2021 if you are an existing Darlington Building Society borrower with a Buy to Let mortgage and are wanting to renew your deal. This mortgage is not eligible to new Buy to Let purchases.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 31st July 2023. Until then your payments may increase or decrease as our standard variable rate changes, but a discount of 2.51% applies until the end of the discount period. 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 July 2022
1% of the outstanding balance
Before 31st July 2023
There is no standard valuation fee payable. A £215 Additional Borrowing Fee and a £125 re-inspection fee are payable where applicable. Where additional borrowing is above 60%, a £70 Further Advance Reinspection fee is payable by the applicant.
If you think this discounted variable rate mortgage could be for you, carry on reading for more information.
£125 re-inspection fee payable.
£215 Additional Borrowing Fee payable where applicable.
£70 Further Advance Reinspection fee payable where applicable.
Capital Repayment basis, Interest Only and Part & Part options.
Up to 75% LTV (excluding any fees added).
No product fee.
No account fee.
No standard valuation fee payable.
No compulsory insurances.
This mortgage is only available to you if you are buying up to three properties for letting purposes and are an existing borrow with a Buy to Let mortgage and want to renew your deal. - This mortgage is not eligible for new Buy to Let purchases.
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 01/01/2018 – 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.
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: