2 Year Fixed Rate Mortgage FR396

It could also be available to you for your newly built home using the Government's Help to Buy Equity Loan Scheme.

Our fixed rate mortgage allows you to plan your finances safe in the knowledge that your repayments will not be affected by changes in the interest rate until 31st May 2023. 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 31st May 2022

2% of the outstanding balance

Before 31st May 2023

You can make one lump sum repayment of 10% off your mortgage during the fixed rate period. 

If you think this fixed rate mortgage could be for you, carry on reading for more information.

Interest Rate
3.09% fixed until 31.05.2023
For the remainder of the term of the mortgage, changing to our SVR currently
5.3% and remaining on standard variable rate terms for the rest of the mortgage
Overall cost for comparison
4.9% APRC
0.50% Product fee
£120 Account Fee
Key features

0.50% Product Fee.

£120 Account Fee.

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

One lump-sum repayment of 10% allowed within the fixed rate period.

Up to 80% LTV (up to 70% for Interest Only and 75% for Help to Buy) (excluding any fees).


If you are a Help to Buy applicant, you can use up to a further 20% from the Government’s Help to Buy Equity Loan scheme. Please see the governments Help to Buy Equity Loan Schemes guidelines for further information about the scheme.


No compulsory insurances.


The mortgaged property must be your permanent home.

This mortgage is also available to applicants purchasing a new build property via the Help to Buy scheme in England and Wales via one of our branches or an intermediary. It is not available for the London Help to Buy scheme.

If you are a Help to Buy applicant, you won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

Higher lending charge
Not applicable.
Capital repayments
One lump-sum repayment of 10% allowed within the fixed rate period.
Early repayment charge
3% of the outstanding balance before 31st May 2022 / 2% of the outstanding balance before 31st May 2023

Please note the product is not portable for Help to Buy applications.

Darlington Building Society are required to provide you with Standard Information which is a representative of the current mortgage, which is set out below:

Society Example
The total amount of the credit
Duration of the contract
The duration of the fixed period
2 years and 4 months
The initial fixed rate
The amount of the fixed rate instalments
The number of the fixed instalments
The frequency of the fixed instalments
Our Standard Variable Rate (SVR)
The duration of the SVR period
18 years and 8 months
The frequency of the SVR instalments
The amount of SVR instalments
The total amount payable
The total amount of interest payable
Mortgage exit fee
Product fee
Account fee
The overall cost for comparison
4.9% APRC
Representative example summary

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.

Want to speak to a mortgage advisor?

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:

01325 741035

Or email us at

Our staff are available between:

9am and 5pm Monday to Friday

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