Darlington offers 90% LTV products nationwide; cuts rates | Mortgage Strategy

Img

Darlington for Intermediaries has expanded its 90% LTV product suite to all of England, Scotland and Wales, having previously limited these products to the lender’s local communities.

Alongside this move, Darlington has made cuts of up to 30 basis points across its residential mortgage range.

Headline rate cuts have taken place at the 80% LTV two-year fix, which is now 2.39% and the 80% LTV five-year fix, which has a new rate of 2.59%.

Further cuts include the 90% LTV two-year fix has received a 10 basis point cut, offering a new rate of 3.39%.

Each of the above mortgages is available for purchase or remortgage, comes with a free basic valuation and charges a £999 product fee and £120 completion fee.

Darlington chief customer officer Darren Ditchburn says: “It’s a really positive step to be able to offer higher LTV mortgages on a national basis again, and to be supporting more people beyond our local area in realising their dream of buying a home.”

Yesterday, Darlington entered the holiday let market with a two-year fixed rate mortgage.


More From Life Style