Darlington Intermediaries launch new holiday let mortgage

Darlington Intermediaries launch new holiday let mortgage

Darlington Intermediaries are thrilled to announce their entry into the holiday let market with the launch of a new holiday let mortgage, available up to 75% LTV.

Darlington Intermediaries offer a flexible approach to lending and enter the market with a:

•    2 year discounted rate mortgage priced at 3.39%
•    available for properties in England and Wales
•    personal use available up to 90 days per year
•    mortgages considered on capital repayment, interest only and part & part.

Head of Intermediary Distribution, Chris Blewitt, said: “The rising trend of staycations and the uncertainty of foreign travel is currently increasing demand for holiday let properties in the UK. We are pleased to bring a holiday let mortgage to the sector and support both first time landlords entering the market, or existing landlords looking to remortgage from their current lender.

Our mission is to support advisors with complex cases and understand borrower needs, and we have launched this product to assist people with their holiday let aspirations.”

Criteria and eligibility are based on individual circumstances as each application is underwritten on an individual basis.

It is important to remember that every mortgage is secured on the individual(s) home which they could lose if they do not keep up their mortgage payments.

If you would like to talk through a Holiday-Let case, or view the lending criteria and product range of Darlington Intermediaries visit https://www.darlington.co.uk/intermediaries/products-and-affordability-calculator/, contact the team via email intermediaries@darlington.co.uk or call 01325 741004.

 

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