The Darlington Building Society has launched a new series of two years of fixed-rate mortgage purchases starting today.
The updated route includes the association’s first customized payment transaction for landlords, starting from 4.54%.
The lender said the new value-paying transaction was tailored for borrowers with larger loans, with a fixed fee of £2,499.
Further highlights of the entire range include a two-year BTL transaction of 4.79%, a two-year fixed holiday Let product of 5.19%, and a two-year BTL retention product of 4.89%.
For holidays, up to 90 days of personal use can be used, with a time of 42 weeks and a maximum LTV of 75%.
Earlier this month, society lowered its choice of high LTV fixed-rate products.
Christopher Blewitt, head of mortgage distribution at Darlington Building Association, said: “The goal of using these new products is to provide brokers with more ways to meet the needs of landlord clients, whether they are looking for short-term deals, competitive price cashing, or something beyond the standard.
“This is the first time we offer a custom re-loan product in a buy to free up space, and the combination of fees and fees makes it a compelling option, especially on higher loan amounts. We know how valuable fixed fees are for a portfolio landlord or client-working broker who needs a simple and predictable price pricing structure.”
