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This discount mortgage could be available to you from 1 July 2019 if you are buying up to three properties which you plan to let and are an existing Darlington Building Society borrower.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 30 September 2022. Until then your payments may increase or decrease as our standard variable rate changes, but a discount of 2.86% 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:
3% of the outstanding balance
Before 30th September 2020
2% of the outstanding balance
Before 30th September 2021
1% of the outstanding balance
Before 30th September 2022
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.
Capital and interest or Interest only basis.
One lump sum repayment of up to 10% within the discounted period.
Up to 70% LTV.
No product fee.
No account fee.
No compulsory insurances.
Our mortgages are available to anyone aged 18 or over who meet our conditions. You must be a current Darlington Building Society mortgage holder to be eligible for this product. For full eligibility information, please see the full product terms and conditions.
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: