Darlington Building Society has entered the limited company buy-to-let market with two new fixed rate products aimed at supporting both new and established property investors.
The society has introduced a two-year fix at 5.29% and a five-year fix at 5.39%, each available up to 75% loan to value and carrying a £999 fee plus valuation costs.
The products are being made available through Darlington’s intermediary partners and can be accessed by first-time buyers and first-time landlords, without minimum income or ownership requirements.
Remortgaging landlords are also not subject to any minimum ownership period.
The range is open to holiday let borrowers, reflecting sustained demand across the short-term rental market, and comes with a non-restricted solicitor panel to give brokers flexibility when selecting legal advisers.
The launch is the latest step in Darlington’s ongoing expansion across specialist lending. In July, the society widened criteria on its Professionals range to include more key worker roles with variable income profiles, and began considering 100% of allowances and overtime in affordability assessments.
A month later it moved into the foreign currency mortgage segment, enabling applicants to evidence affordability in up to 16 currencies, including Hong Kong dollar and UAE dirham.
TECHNOLOGY PARTNERSHIP
Marcus Bennett, customer success director at Finova, said: “We’re proud to have supported Darlington Building Society with the launch of its new limited company buy-to-let range through our Finova Lending platform.”
He added: “This marks another great example of how lenders can quickly and confidently expand into new segments using our MSO technology.”
He said the platform continued to be highly rated by brokers and that it was helping Darlington introduce products that reflected the changing requirements of landlords and investors.
GROWING APPEAL FOR INCORPORATED LANDLORDS
Chris Blewitt (pictured), head of intermediary distribution at Darlington Building Society, said: “limited company buy-to-let has evolved from a niche option to a mainstream choice for landlords at every stage.”
He said it offered structure and separation of personal and property finances for new investors, and potential efficiencies around tax and portfolio management for those with greater experience.
Blewitt added that the new products were intended to offer accessible and adaptable options, particularly for those considering holiday lets, where short-term rental income could support cashflow and equity growth.
