It is also introducing two exclusive remortgage fixed rate products at 80% LTV
Darlington Intermediaries, the intermediary branch of Darlington Building Society, is set to implement substantial reductions in mortgage rates, with cuts of up to 110 basis points across its range.
The lender said it would offer lower rates on 15 mortgages this month, covering standard, specialist, national, local, older borrowers, shared ownership, repayment, interest-only, and more specialized criteria.
Darlington is also introducing two exclusive remortgage products at 80% loan-to-value (LTV), featuring two- or five-year fixed rates. These deals will be available through Legal and General and Simplybiz intermediaries.
In addition, a mortgage tailored for first-time buyers, named Own New, demands a minimal 5% deposit, carries no fees, and boasts a sub-5% interest rate.
For local borrowers, Darlington offers an 80bps rate reduction on the 95% two-year fixed rate mortgage. This exclusive deal is available to residents in DL, TS, DH, YO, SR, and HG postcodes.
To be implemented between January 10 and 20, these changes, the mutual said, underscore its commitment to enhancing accessibility and affordability for a range of mortgage borrowers.
“I’m delighted to announce this raft of mortgage rate reductions,” Chris Brown (pictured), director of products and marketing at Darlington Building Society, said. “Being able to deliver such competitive rates in such a fierce market feels very rewarding and speaks to our ethos as a building society.
“By dynamically adjusting our mortgage range to stay ahead of the curve, we can help more people in many different circumstances start the New Year in the best possible way, by achieving their homeownership aspirations and getting the home of their dreams.”
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