Darlington Building Society cuts mortgage rates by up to 1.10%

  • Fifteen mortgages will offer lower rates from January, benefitting new and existing members, first-time buyers, home movers, downsizers, older borrowers and those with specialist circumstances or a unique property.

  • Supporting first-time buyers, the Society’s Own New mortgage requires a low 5% deposit, is fee free with a rate of just 4.99%.

  • Those local to the Society’s operating area can apply for a Best Buy 95% 2-year fixed rate mortgage.

Darlington Building Society is pleased to announce a series of rate reductions across its mortgage range, by up to 1.10%. The changes will go live from 10-20 January 2024 and include fixed rate periods of up to five years.

Chris Brown, Director of Products and Marketing said: “I’m delighted to announce this raft of mortgage rate reductions. Being able to deliver such competitive rates in such a fierce market feels very rewarding and speaks to our ethos as a Building Society.  By dynamically adjusting our mortgage range to stay ahead of the curve, we can help more people in many different circumstances start the New Year in the best possible way, by achieving their homeownership aspirations and getting the home of their dreams.

As has been well documented, we are also acutely aware of those borrowers whose fixed rates deals are coming to end this year, and who are likely to see a rise in their mortgage interest rate. Therefore the Society has been working in partnership with L&G and Simplybiz, to develop an exclusive Remortgage product, which we hope will go some way to soften the impact for these borrowers.”