Adaptable Solutions Mortgage Level 1

Our Adaptable Solutions Level 1 mortgage product is designed for people who have had minor credit problems in the past.

This mortgage may be suitable for you if you meet our ‘non-standard’ lending criteria - simply click the ‘Level 1 non-standard criteria’ button to view our criteria and the available product below.

Your mortgage is secured on your home. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Please note: as of close of business on Friday 18th September, Darlington Building Society are amending our minimum loan size for new mortgage applications to £100,000. We will consider applications for a minimum loan of £25,000 from applicants where the postcode of the mortgaged property is within the Society’s operating postcode area: DL, TS, YO, DH, SR & HG. The minimum loan size applies only to new mortgage applications and does not impact existing members seeking additional borrowing, product transfers or any other servicing based requests.

Level 1 non-standard criteria

 

Level 1 non-standard mortgage

Initial rate of Changing to our Standard variable rate currently... Overall Cost For Comparison Maximum Loan to Value Fees Features
Adaptable Solutions Level 1 - 2 Year Discount Mortgage D504 3.49% Until 31 August, 2023 5.3% 5.1% APRC 80%
Product Fee £999
Account Fee £120
Valuation fees? Yes
Society contribution to valuation fee? No

Valuation fees are payable by the applicant.

Full details

Society-wide representative example

A mortgage of £123,000 payable over 20 years initially on a fixed rate for 2 years at 2.25% and then on our current Standard Variable Rate of 5.30% (variable) for the remaining 18 years would require 24 monthly payments of £639.02 and 216 monthly payments of £815.81.

The total amount payable would be £191,641.44 made up of the loan amount (£123,000) plus interest (£68143.01) product fee £289, account fee of £120 and mortgage exit fee of £90.

The overall cost for comparison is 4.8% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.