Complex Buy To Let
Darlington raises out of area minimum loan sizes to deal with ‘unprecedented demand’
Darlington Intermediaries is temporarily increasing the minimum loan size for mortgage applications outside the society’s operating postcode areas amid “unprecedented demand”.
The floor for out of area applications will be increased to £100,000, with the exception of shared ownership.
The society’s operating postcode areas are: DL, TS, DH, YO, SR and HG, where the standard minimum loan size of £25,000 will be maintained.
The change takes effect on 5pm 18 September, and applications where a DIP has been undertaken before the cut-off will still be accepted.
In a statement Darlington thanked broker partners for their continued support and patience through “this very busy period”.
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