Buy-to-Let Mortgages

If you are purchasing a property which you are planning to let then you will require one of our Buy-to-Let mortgages.

Our Buy-to-Let mortgages are for anyone purchasing up to three properties which they plan to let, click ‘Full Details’ on the products below to find out more about the full terms and conditions of these mortgages. (We support the CML Buy-to-Let: Statement of Practice).

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.

Buy-to-let products

Initial rate of Changing to our Standard variable rate currently... Overall Cost For Comparison Maximum Loan to Value Fees Features
Buy to Let 5 Year Fixed Rate Mortgage FR387 3.09% Until 30 April, 2026 5.3% 4.4% APRC 70%
Product Fee £499
Account Fee £120
Valuation fees? Yes
Society contribution to valuation fee? No

This fixed rate mortgage could be available to you if you are buying up to three properties which you plan to let.

Capital Repayment basis, Interest Only and Part & Part.

Full details
Buy to Let Expat 3 Year Discount Rate Mortgage D497 3.39% Until 30 June, 2024 5.3% 4.9% APRC 70%
Product Fee 0.50%
Account Fee £120
Valuation fees? Yes
Society contribution to valuation fee? No

This discount rate mortgage could be available to you if you are an expat living outside of the UK but are looking to purchase a buy-to-let property within the UK.

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

Full details

Eligibility

Not available to professional landlords. Not available on current local authority or ex-local authority homes.

See our product specific details as they also carry some specific conditions.


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.