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This fixed 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.
It could also be available to you for your newly built home using the Government's Help to Buy Equity Loan Scheme.
Our five year 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 2026. If you pay off your mortgage during this time, you will pay an early repayment charge of the following tariffs:
5% of the outstanding balance
Before 31st May 2023
4% of the outstanding balance
Before 31st May 2024
3% of the outstanding balance
Before 31st May 2025
2% of the outstanding balance
Before 31st May 2026
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.
0.50% Product Fee.
£120 Account Fee.
Capital Repayment basis, Interest Only and Part & Part options.
One lump-sum repayment of up to 10% 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.
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:
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.
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