Darlington Building Society has cut rates across all of its ranges, by up to 50bps.
Effective immediately, this includes its five-year fixed-rate standard BTL product at 80% LTV, now available at 5.49%, down from 5.99%.
The changes apply to both purchase and remortgage business.
Darlington has also made rate cuts to its residential range.
“We have focused on making meaningful reductions where we know there is demand, particularly within BTL and higher LTV residential lending,” said Chris Blewitt, head of mortgage distribution at Darlington Building Society (pictured above).
“For brokers, it’s about having options that give them a better chance of placing cases without having to compromise on the client’s situation, whether that is a landlord reviewing portfolio costs, a first-time buyer stretching affordability, or a client with more complex income that needs a more considered approach.
“As always, the aim is to remain consistent in how we approach lending, with a common sense view on cases and a willingness to look at scenarios that may not fit a more automated approach.”
