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Darlington Building Society – 3-Year BBR Tracker + 2.49%

Darlington Building Society – 3-Year BBR Tracker + 2.49%

Type: Tracker mortgage

Tracker term: Until July 31, 2014

Tracker rate: 2.49% above the Bank of England base rate

Payable rate: 2.99%

Minimum loan: £1,000

Maximum loan: Up to 78% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Conditions: One capital repayment of up to 10% allowed in the tracker period without penalty, free valuation for properties in Country Durham, Tees Valley and parts of North Yorkshire

Arrangement fee: £499 plus £75 completion fee

Redemption fee: 3% of the mortgage balance in the first three years

Introducer’s fee: 0.35% of the original loan

Contact: www.darlington.co.uk

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