Darlington Building Society has launched two new limited companies to offer buy-and-let products.
The new range includes a two-year fixed rate of 5.29% and a five-year fixed rate of 5.39%, both available up to a loan-to-value (LTV) of 75%. Each product is subject to a product surcharge of £999 plus valuation costs.
The range is available through the association’s intermediary network and is open to first-time buyers and first-time buyers, with no minimum ownership period or minimum income requirements for either type of borrower. There is also no minimum ownership period for landlords who want to take out a new mortgage
The products are also available for holiday rental properties, providing a route for landlords looking to diversify into the short-term rental market, a sector which, Darlington claims, continues to show strong returns in UK tourist destinations.
Darlington Building Society head of intermediary distribution Chris Blewitt commented: “Buying and letting limited companies has evolved from a niche option to a mainstream choice for landlords at every stage. For those just starting out, it provides a professional framework to start building a portfolio, while keeping personal and real estate finances clearly separated.
“For seasoned investors, it can provide more efficient tax treatment, easier management of multiple properties and the flexibility to reinvest profits within the corporate structure.”
He added: “Our new products are designed to make corporate lending accessible, transparent and customizable, especially for those focused on areas such as holiday rentals, where short-term rental income can strengthen cash flow and build equity faster.”