Darlington BS enters limited company buy-to-let market

Darlington Building Society has launched two limited company buy-to-let products.

The new range includes a two-year fixed rate at 5.29% and a five-year fixed rate at 5.39%, both available up to 75% LTV with a £999 product fee plus valuation fee.

Available through the society’s intermediary network, the range 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 properties, supporting landlords seeking to diversify into the short-term rental market.

A non-restricted solicitor panel gives brokers and borrowers the freedom to work with their preferred legal partners.

The move follows the recent criteria expansion on Darlington's professionals range to include more key worker professions with variable income streams and considering 100% of allowances and overtime for affordability calculations. 

The society 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.

Chris Blewitt, head of intermediary distribution at Darlington Building Society, said: “Limited company buy-to-let 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 cashflow and build equity faster.”