Darlington Building Society has launched a refreshed range of two-year fixed-rate buy to let products, including a bespoke remortgage deal for landlords starting from 4.54%.
Available from today, headline rates include:
- 2 Year Fixed BTL: 4.79%
- 2 Year Fixed BTL Remortgage: 4.54%
- 2 Year Fixed Holiday Let: 5.19%
- 2 Year Fixed Expat BTL: 5.19%
- 2 Year Fixed BTL (Retention): 4.89%
The society claims 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.
The society says its buy to let range offers broad criteria, including lending to first-time buyers and first-time landlords, capital repayment, interest-only, and part and part options, and no minimum income requirements. For holiday lets, up to 90 days of personal use is permitted, with a required letting period of 42 weeks and maximum LTV of 75%.
A spokesperson says: “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.”
Contact one of our highly experienced mortgage advisors today on 0121 500 6316 to discuss your mortgage needs.
