Darlington Intermediaries is making its 90% loan to value (LTV) mortgage available nationally.
Since the start of the Covid-19 pandemic, the 90% LTV product has been restricted to the Society’s local communities. However, the lender believes it is now right to return to the national market as restrictions are eased.
Darren Ditchburn (pictured), chief customer officer at Darlington Intermediaries, said: “It’s a really positive step to be able to offer higher loan to value mortgages on a national basis again, and to be supporting more people beyond our local area in realising their dream of buying a home.”
Darlington Intermediaries also offers a 95% LTV mortgage to key workers in its local area.
Pricing on the Society’s standard residential mortgage products have also been reduced by up to 0.30 percentage points.
The new deals are:
- A 90% LTV two-year fixed-rate purchase / remortgage product at 3.39%, cut by 0.10%, with a free basic valuation, £999 product fee, £120 completion fee, and extended to national availability (England, Scotland & Wales).
- A 80% LTV two-year fixed-rate purchase / remortgage product at 2.39%, cut by 0.30%, with a free basic valuation, £999 product fee, £120 completion fee, national availability (England, Scotland & Wales).
- A 80% LTV five-year fixed-rate purchase / remortgage product at 2.59%, cut by 0.30%, with a free basic valuation, £999 product fee, £120 completion fee, national availability (England, Scotland & Wales).
- A 80% LTV two-year discounted-rate purchase / remortgage product at 1.99%, cut by 0.10%, with a free basic valuation, £999 product fee, £120 completion fee, national availability (England, Scotland & Wales).
- And a 75% LTV five-year fixed-rate BTL purchase / remortgage product at 2.99%, cut by 0.10%, with a free basic valuation, £999 product fee, £120 completion fee, national availability (England and Wales).
Ditchburn added: “These are all positive steps forward to enable Darlington Intermediaries to play its part in helping people onto the housing ladder while the cost of borrowing is low.”