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This discounted variable rate mortgage could be for you if you are buying your first home, moving house or simply moving your mortgage from another lender in England, Wales and Scotland.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 28 February 2024. Until then your payments may increase or decrease as our standard variable rate changes, but you will not pay the full standard variable interest rate. 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 28th February 2022
2% of the outstanding balance
Before 28th February 2023
1% of the outstanding balance
Before 28th February 2024
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.
0.50% Product Fee.
£120 Account Fee.
Interest Only or Capital and Interest repayment options available.
One lump sum repayment of up to 10% within the discounted period.
Up to 60% LTV (excluding any fees).
No compulsory insurances.
The mortgaged property must be your permanent home.
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 01/10/2020.
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