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This fixed rate shared ownership mortgage is available up to 95% Loan to Share and our five year fixed rate mortgage allows your client to plan their finances safe in the knowledge that their repayments will not be affected by changes in the interest rates until 30.06.2026.
If your client pays off their mortgage during this time, they 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
£0 Product Fee.
£120 Account Fee.
Capital Repayment basis only.
The Society will cover the legal costs for remortgages using a firm on their panel of conveyancers (England & Wales only).
One lump-sum repayment of up to 10% within the fixed rate period.
Up to 71% LTV (including any fees added).
Up to 95% Loan to Share.
There is no product fee with this product.
No compulsory insurances.
• Landlord must be an approved registered provider of social housing
• Model lease must be in place
• Maximum 95% loan to share
• Minimum loan £22k
• Maximum loan £400k
• Minimum property value £100k
• Capital repayment basis only
• Maximum 2 applicants
• Standard credit history criteria accepted only
Please note the product is not portable.
Possession Undertaking Letter must be completed by conveyancer prior to completion, see Conveyancing Instructions above.
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 01/04/2021.
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. Contact our team of mortgage advisors today, our advice is free and we will discuss your options with you.
Call us on:
9am and 5pm Monday to Friday