Darlington Building Society is now offering two low deposit, five-year fixed rate mortgages.
The first in the low deposit range is a 90% loan to value (LTV) mortgage, available nationwide. This mortgage requires a 10% deposit, offering a fixed rate of interest for five years.
The second mortgage is exclusive to Darlington Building Society’s local operating area, requiring just a 5% deposit (95% LTV). This mortgage also offers a fixed rate of interest for five years.
Chris Brown, products and marketing director at Darlington Building Society, said: “At Darlington Building Society we hope bringing our low deposit, fixed rate mortgages back to the market will provide much-needed opportunities for those looking to buy their own home.
“The turbulent mortgage market has limited the availability of low deposit fixed rate mortgages on a national and local level. By being back in this segment of the market, we are pleased to be able to help those with a low deposit to find their place on the property ladder, both nationally and with our local area exclusive.”
