The mutual now offers a two-year fixed limited company BTL product priced at 5.29% and a five-year fix priced at 5.39%. Both are available up to 75% loan to value (LTV) and have a £999 fee and valuation fee.
The range is available through Darlington Building Society’s intermediary network and is open to first-time buyers and first-time landlords, with no minimum ownership period or minimum income requirements for either borrower type. For landlords looking to remortgage, there is also no minimum ownership period.
The products are also available for holiday let.
The mutual said the launch demonstrated its commitment to supporting the specialist lending sector and followed the criteria expansion of its professionals range in July, which saw the inclusion of more key worker professions with variable income streams and the consideration of 100% of allowances and overtime for affordability calculations.
The lender also launched into the foreign currency mortgage market in August this year, allowing applicants to demonstrate mortgage affordability in up to 16 different currencies, including Hong Kong dollar and UAE dirham.
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Marcus Bennett, customer success director at Finova, said: “We’re proud to have supported Darlington Building Society with the launch of its new limited company BTL range through our Finova Lending platform.
“This marks another great example of how lenders can quickly and confidently expand into new segments using our MSO technology.
“Finova Lending MSO remains the highest-rated mortgage origination platform among brokers, and it’s rewarding to see it helping Darlington deliver innovative products that meet the evolving needs of landlords and property investors.”
Chris Blewitt, head of intermediary distribution at Darlington Building Society, added: “Limited company BTL 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 begin building a portfolio while keeping personal and property finances clearly separated.
“For seasoned investors, it can offer more efficient tax treatment, easier management of multiple properties, and the flexibility to reinvest profits within the company structure.
“Our new products are designed to make limited company lending accessible, transparent, and adaptable, particularly for those branching out into areas like holiday lets, where short-term rental income can strengthen cash flow and build equity faster.”
Last month, the mutual confirmed the appointment of Alex Windle as its CEO, who will take over from Andrew Craddock in April next year.
