Darlington Building Society has unveiled a new two-year variable discounted mortgage, which has shot straight to the top of the Moneyfacts charts thanks to its competitive terms.
This mortgage has a discounted variable rate of 1.49% (4.46% disc) until 31.10.17, the market-leading rate for its sector. It is available at a loan-to-value (LTV) of 70% and has absolutely no product fees.
This deal is available to first-time buyers, homemovers and remortgagors with a 30% deposit. All borrowers can benefit from an incentive package of free valuation fees (for properties up to £375,000) and take advantage of the option to make overpayments of up to 10% of the outstanding balance.
The arrival of this new mortgage is likely to catch borrowers' interest, especially as it has scaled the heights of the charts to become a market-leader. The incentive package of free valuation and the absence of any product fees are also highly attractive features. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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