Available from today, the new products are designed to give brokers more flexibility in supporting a wide range of landlord clients, including first-time landlords, expats, and holiday let investors.
Headline rates include a 2-year fixed rate at 4.79%, a 2-year fixed remortgage at 4.54%, a holiday let rate fixed for two years at 5.19% and an expat BTL product also at 5.19%. The new remortgage product is particularly well suited to borrowers with larger loan sizes Instead of a percentage-based fee, it features a flat fee of £2,499, which can offer a lower overall cost where loan amounts are higher.
Christopher Blewitt, head of mortgage distribution at Darlington Building Society, said:
“Our aim with these new products is to give brokers more ways to meet the needs of their landlord clients, whether they’re looking for a short-term deal, a competitively priced remortgage, or something outside the usual criteria.
“This is our first time offering a bespoke remortgage product in the buy to let space, and the combination of rate and fee makes it a compelling choice especially on higher loan amounts. We know how valuable flat fees can be for brokers working with portfolio landlords or clients who need a simple and predictable pricing structure.
“Alongside our established criteria for expats, holiday lets and first-time landlords, these new products provide brokers with real choice and flexibility.”
