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Darlington Building Society – 2-Year 2.16% First-Time Buyers Discount

Darlington Building Society – 2-Year 2.16% First-Time Buyers Discount

Type: Discounted-rate mortgage for first-time buyers

Discounted term: Until April 30, 2013

Discount: 2.16%

Payable rate: 3.79%

Minimum loan: £1,000

Maximum loan: Up to 90% of valuation subject to a maximum of £200,000

Income multiples: Based on affordability

Conditions: One capital repayment of up to 10% allowed during the discounted term, available direct and through intermediaries, available only for properties in the area local to Darlington Building Society as defined by the society

Arrangement fee: £75 completion fee

Redemption fee: 3% of the mortgage balance

Introducer’s fee: 0.35% of the original loan

Contact: Contact: www.darlington.co.uk

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