Darlington launches new adverse credit mortgage range

Darlington Intermediaries has launched a new 'Adaptable Solutions' mortgage range, aimed at borrowers with existing or previous credit issues.

Related topics:  Mortgages
Rozi Jones
12th January 2021
Credit score report application paper

The simplified range includes three products with varying terms and interest rates to support people with an adverse credit history.

Level 1 is a non-standard two-year discount product, available at 3.69% up to 80% LTV for those with minor credit issues, with a maximum loan size of £750,000.

The Level 2 credit repair product has a three-year discounted rate of 4.09% up to 70% LTV on a maximum loan size of £500,000.

Finally, the 'extra support' Level 3 product is a five-year fixed rate at 4.49%, available up to 65% LTV on a maximum loan size of £300,000 for those with more recent or complicated credit circumstances.

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