Darlington Intermediaries has reduced the rate on its 90% loan-to-value (LTV) mortgage, and has changed it to a 2-year fixed mortgage, extending the end date to 31 July 2023.
The low deposit mortgage is available to people purchasing a property in the society’s operating postcodes – TS, DL, DH, SR, YO and HG – up to a value of £400,000.
Darlington Intermediaries aims to support first-time buyers, and currently offers a 95% LTV mortgage, and joint borrower/sole proprietor and Help to Buy mortgages and remortgages.
The standard residential range has also seen changes to five other products: 2-year fixed 80% LTV end date extended; 5-year fixed 80% LTV rate decreased and end date extended; 5-year fixed 85% LTV rate decreased and end date extended; 5-year fixed BTL LTV increased to 75% and end date extended.
Criteria and eligibility are based on individual circumstances as each application is underwritten on an individual basis, products are available direct or via intermediaries.