Compare Darlington mortgages

The Darlington Building Society offer a wide range of mortgage products including fixed rate mortgages, tracker mortgages and discount mortgages.

Which type of mortgage offers the best value for you will depend on your borrowing needs and personal circumstances.

First Time Buyer mortgages

Using the government’s Help to Buy scheme, you can borrow up to 95% of the value of a first home to help you get onto the property ladder.

Darlington Building Society offer both discounted and fixed rate mortgages to first time buyers, helping to make it more affordable and easier to plan your repayment costs, depending on your financial priorities.

Self-build mortgages

Darlington Building Society offer mortgages for self-builders through BuildStore, a Scottish specialist mortgage broker.

This can help people who want to build their own homes get the finance they need when they would not be able to apply for a normal mortgage. Self-build mortgages are usually released in stages as the build progresses.

Buy to Let mortgages

When looking at buying a house to rent out, you need to apply for a dedicated buy to let mortgage.

This will usually be capped at a maximum of about 75% of a property’s market value and the amount you can borrow may also depend on the likely rental income of the property.

Remortgaging with the Darlington Building Society

Switching your mortgage to Darlington Building Society may be worth considering if you want to get a better deal on your mortgage or need to borrow more for home improvements or other purposes. Remortgaging can allow you to reduce your monthly payments by getting a more competitive interest rate, or leave you with money left over once your old mortgage is paid off.

Loan to value ratio

To get an idea of how much you will be able to borrow, you need to look at your income and the loan to value (LTV) ratio offered with particular mortgage products.

LTV tells you what percentage of a property’s value you are likely to be able to borrow with a particular mortgage.

For example, if you were looking at a property worth £100,000 and wanted to apply for a mortgage offering 70% LTV, you would be able to borrow up to £70,000. You would need to fund the difference yourself, paid upfront as a deposit. Generally speaking, the lower your LTV, the lower interest rates you will tend to be offered.

Find the best deals on mortgage rates

With our free mortgage calculator you can quickly and easily compare mortgages products for all the leading lenders across the market.

That way you can find a great value deal that matches your unique requirements. To try it out all you need to do is head to the top of the page and enter some basic information about your borrowing needs.

Independent Mortgage Advice

Remortgaging is particularly popular at the moment as interest rates are low.

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Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.

However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.

If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).

If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on Darlington BS & alternative lender options.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.