Darlington Building Society has launched a refreshed range of two-year fixed-rate BTL products, including a bespoke remortgage deal for landlords starting from 4.54%.
Available from today (30th May), the new proposition is designed to give brokers more flexibility in supporting a wide range of landlord clients, including first-time landlords, expats, and holiday let investors.
• two-year fixed BTL at 4.79%
• two-year fixed BTL remortgage at 4.54%
• two-year fixed holiday let at 5.19%
• two-year fixed expat BTL at 5.19%
• two-year fixed BTL (retention) at 4.89%
The new remortgage product is 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.
This product launch follows last week’s announcement that CEO Andrew Carddock is due to step down after seven years in the role.
Christopher Blewitt, head of mortgage distribution at Darlington Building Society (pictured above), commented: “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 BTL 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.”
