Whether you're buying your first home, moving into a larger property, or simply moving your mortgage, why not find out if you could save money with a mortgage from Darlington Building Society?
The type of Darlington Mortgage you choose will depend upon your circumstances and your view of how interest rates are going to move over the next few years. The basic types of Darlington Mortgages on offer from time to time are shown below:
Fixed Rate Mortgage
A fixed-rate Darlington Mortgage allows you to plan your finances, safe in the knowledge that during the period the rate is fixed for, your Darlington Mortgage repayments will not be affected by changes in the interest rate. At the end of your fixed-rate period, Darlington will start to charge you at our standard variable rate.
Discounted Mortgage
With a discounted-rate Darlington Mortgage, you get a reduction from Darlington Mortgage's current standard variable rate for a set period. So during the discounted-rate period, your repayments may increase and reduce as our standard variable rate changes, but you will not pay the full standard variable rate of interest. After the discounted-rate period, Darlington Mortgage's will start to charge you interest at our standard variable rate.
Cashback Mortgage
A cashback Darlington Mortgage gives you a lump sum when your mortgage completes. The lump sum is based on a percentage of the Darlington Mortgage. With a cashback mortgage you pay interest at their standard variable rate, so your repayments will increase or reduce when our standard variable rate changes.