Darlington Building Society has entered the limited company BTL space, with the launch of two new products.
These include a two-year fixed at 5.29% and a five-year fixed at 5.39%, both available at up to 75% LTV. Each carries a £999 product fee plus a valuation fee.
Available through Darlington’s intermediary network, the range is open to first-time buyers and first-time landlords, with no minimum ownership period or minimum income requirements for either borrower type. For landlords looking to remortgage, there is also no minimum ownership period.
The products are also available for holiday let properties.
“Limited company BTL has evolved from a niche option to a mainstream choice for landlords at every stage,” said Chris Blewitt, head of intermediary distribution at Darlington Building Society (pictured above).
“Our new products are designed to make limited company lending accessible, transparent, and adaptable, particularly for those branching out into areas like holiday lets, where short-term rental income can strengthen cashflow and build equity faster.”
Marcus Bennett, customer success director at Finova, added: “We’re proud to have supported Darlington Building Society with the launch of its new limited company BTL range through our Finova Lending platform.
“Finova Lending MSO remains the highest-rated mortgage origination platform among brokers, and it’s rewarding to see it helping Darlington deliver innovative products that meet the evolving needs of landlords and property investors.”
