Darlington Building Society has launched a range of 2-year fixed rate buy-to-let (BTL) mortgages, including a remortgage deal for landlords starting from 4.54%.
The products are available from today, 30th May, and are aimed at a wide range of landlord clients such as first-time landlords, expats, and holiday let investors.
Headline rates include a 2-year fixed BTL at 4.79%, a 2-year fixed BTL remortgage at 4.54%, 2-year fixed holiday let and expat BTL both at 5.19%, and a retention product at 4.89%.
The new remortgage deal comes with a flat fee of £2,499 instead of a percentage-based fee, which may suit borrowers with larger loan sizes.
Christopher Blewitt, head of mortgage distribution at Darlington Building Society, said: “Our aim with these new products is to give brokers more ways to meet the needs of their landlord clients, whether they’re looking for a short-term deal, a competitively priced remortgage, or something outside the usual criteria.
“This is our first time offering a bespoke remortgage product in the buy to let space, and the combination of rate and fee makes it a compelling choice especially on higher loan amounts.
“We know how valuable flat fees can be for brokers working with portfolio landlords or clients who need a simple and predictable pricing structure.”
Blewitt added: “Alongside our established criteria for expats, holiday lets and first-time landlords, these new products provide brokers with real choice and flexibility.”
