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Sesame Bankhall Group partners with Darlington BS for exclusive 95% LTV

Shekina Tuahene
Written By:
Posted:
August 22, 2024
Updated:
August 22, 2024

Financial services firm Sesame Bankhall Group (SBG) has teamed up with Darlington Building Society to release a low-deposit mortgage exclusively for members.

The 95% loan-to-value (LTV) product will only be available to the adviser members of SBG’s Sesame Network and PMS Mortgage Club.  

The five-year fixed rate mortgage is priced at 5.49% and is open to first-time buyers, homemovers and remortgagors. It has a maximum loan size of £300,000. 

Terms of up to 40 years are available and Darlington Building Society will consider non-guaranteed income such as overtime, bonuses and commission. 

Stephanie Charman (pictured), group partnerships and propositions director at SBG, said: “Our focus at SBG is on working with our lending partners to give Sesame and PMS members access to products and solutions that will provide the best outcomes for their customers.  

“This exclusive offer with Darlington Building Society helps to do just that, with a combination of a competitive rate, high LTV and underwriting flexibility offering a solution to those without a large deposit and looking to take their first or next step onto the property ladder.” 

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Chris Blewitt, head of intermediary distribution at Darlington Intermediaries, added: “Those with low deposits are among the most in need of innovation and support given the current challenges in the housing market.  

“Working exclusively with Sesame Bankhall Group, I am delighted that we have been able to offer a 95% LTV product, available nationally, and supported with an affordability model to help ensure that those looking to purchase a home for the first time can sensibly afford to get on the property ladder.” 

This month, Sesame Bankhall broadened the protection products its advisers can advise on with two new offerings.