10 January 2024

We’re pleased to announce a series of rate reductions across our mortgage range, by up to 1.10%. The changes will go live from 10-20 January 2024.

  • Fifteen mortgages will offer lower rates from January.
  • Cuts to go live across standard, specialist, national, local, older borrowers, shared ownership, repayment, interest only and more specialist criteria.
  • Two new exclusive remortgage products are also available at 80% LTV with a 2 or 5 year fixed rate.
  • Own New mortgage for first-time buyers requires a low 5% deposit, is fee free with a rate of just 4.99%.
  • Best buy local mortgage: 0.80% rate reduction on our 95% 2-year fixed rate mortgage, available to those in DL, TS, DH, YO, SR and HG postcodes.
  • Changes will start to go live from 10-20 January 2024.

In addition, we are doubling down on our commitment to our existing members by introducing two new exclusive remortgage products, that will be available through Legal and General and Simplybiz intermediaries.  These mortgages require a 20% deposit and are available with a 2 or 5-year fixed rate.

Chris Brown, Director of Products and Marketing said: “I’m delighted to announce this raft of mortgage rate reductions. Being able to deliver such competitive rates in such a fierce market feels very rewarding and speaks to our ethos as a Building Society. By dynamically adjusting our mortgage range to stay ahead of the curve, we can help more people in many different circumstances start the New Year in the best possible way, by achieving their homeownership aspirations and getting the home of their dreams.

“As has been well documented, we are also acutely aware of those borrowers whose fixed rates deals are coming to end this year, and who are likely to see a rise in their mortgage interest rate. Therefore the Society has been working in partnership with L&G and Simplybiz, to develop an exclusive Remortgage product, which we hope will go some way to soften the impact for these borrowers.”

Dedicated to brokers

Darlington Intermediaries – the Intermediary branch of Darlington Building Society – are also pleased to announce a clever tech upgrade to save brokers valuable time. The vast majority of information from a Decision in Principle or a full mortgage application can now be prepopulated from brokers’ CRM systems into Darlington Intermediaries’ mortgage system. This means fewer errors, faster applications and a seamless experience for brokers.

The upgrade is built into the Iress MSO platform, so brokers can simply click “Apply” to experience the new and improved journey, with no extra software required.

Chris Blewitt, Head of Intermediary Distribution said: “We facilitate complex cases, but we want to make processing these applications plain sailing. Staying ahead of the curve in the specialist lender space, we are using API technology to enable brokers to prepopulate applications. This saves them valuable time to ultimately help more people buy their dream homes, speaking directly to our purpose as a Building Society; to help look after people’s savings and support their journey to home ownership and beyond.

“We have been working in partnership with our technology  partners of Lender Connect and IRESS to bring our brokers an improved mortgage experience with the Society for a number of years.  The new Lender Connect to MSO connectivity makes it even easier for Brokers to do business with the Society and alongside our pragmatic manual underwriting approach will help build deeper relationships Broker partners in the months and years ahead.”