Darlington Building Society is an independent building society backed by more than 160 years of history. Dedicated to making a difference to the communities it serves, Darlington Building Society offers a variety of packages, including self-build and buy-to-let mortgages. Each mortgage application to Darlington Building Society is assessed individually by people, not computers, to help you find the right mortgage for your needs.
Compare Darlington Building Society’s mortgage rates
Overall representative example If you borrow £178,000 mortgage over 25 years initially at 4.49% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £988.37 and 240 monthly payments of £1306.89. Total amount payable £373,335.80 includes loan amount, interest of £194,956, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.7% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
What types of mortgages can I get with Darlington Building Society?
Fixed rate With these mortgages, your interest rate will be locked for a set amount of time, providing more certainty over the size of your monthly repayments. Darlington Building Society currently offers two-year, three-year or five-year fixed-rate mortgages.
Remortgages You can switch your existing mortgage to Darlington Building Society using one of its remortgage products.
Variable rate With these mortgages, you’ll pay the lender’s standard variable rate.
Buy to let You need a buy-to-let mortgage to borrow money to purchase an additional property and let it out to tenants.
Discounted rate With this mortgage, your interest rate will remain a specific percentage below the lender’s standard variable rate for a set amount of time.
How to apply
The easiest ways to apply for a Darlington Building Society mortgage are by calling 01325 741004 or visiting a local branch. Alternatively, you can download the application forms from the lender’s website, print them, fill them in and send them in the post.
What documents do I need to provide
The lender will want to see proof of identity, proof of address, your last three monthly payslips (or three years of accounts if you are self-employed) and your last three months of bank statements. You’ll also need to provide information with regards to existing debts or financial commitments.
Eligibility criteria
The lender will only consider mortgages for properties in England and Wales. Applicants must be at least 18 years old and the mortgage term shouldn’t extend beyond their 85th birthday.
Any applicant who has suffered CCJs, IVAs, arrears, defaults, bankruptcies, repossessions or debt management plans in the last three years will be declined.
The lender provides a detailed breakdown of it completes its affordability assessment online. You may want to check this if you’re worried that the mortgage may be deemed too expensive for you.
Frequently asked questions
This can be worked out by considering the amount of your loan compared to the valuation, not necessarily the sale price, of the property you want to buy.
This is a standard interest rate which will be charged at some point on most mortgages. It can change, however, hence its variable nature.
The completion of a mortgage occurs when the money that a lender has agreed to lend is actually lent. In other words, it’s when you receive the money that you’re borrowing.
Once your initial Darlington Building Society reaches the end of its product term, you can access a member-exclusive fixed-rate mortgage with a lower rate than what is available to new customers.
During the fixed-rate period, you can make one overpayment, equalling no more than 10% of your mortgage balance. Outside the fixed-rate period, you can overpay by as much as you wish.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife.
The gulf between the amounts received by men vs women from government-backed startup loans has widened, despite calls for more funding for women entrepreneurs.
More than 13 million Brits plan to open an ISA after the new financial year starts on 6 April, according to a new Finder survey.
Feedback
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
