Darlington BS launches BTL range including bespoke remortgage deal Mortgage Strategy

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Darlington Building Society has introduced a new range of two-year fixed rate buy-to-let mortgage, available from today.

The updated line includes the society’s first bespoke remortgage deal for landlords, starting from 4.54%.

The lender says the new remortgage deal is tailored to borrowers with larger loan sizes and comes with a flat fee of £2,499.

Further highlights of the full range include a two-year fix BTL deal at 4.79%, a two-year fixed holiday let product at 5.19% and a two-year fixed BTL retention product at 4.89%.

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%.

Earlier this month the society cut rates on a selection of its high LTV fixed rate products.

Darlington Building Society head of mortgage distribution Christopher Blewitt says: “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.”


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