The exclusive product is designed for borrowers with low deposits
Sesame Bankhall Group (SBG) has partnered with Darlington Building Society to offer an exclusive 95% loan-to-value (LTV) mortgage deal.
The product – aimed at first-time buyers, home movers, and those looking to remortgage – is available to members of the Sesame Network and PMS Mortgage Club.
The offer includes a five-year fixed rate of 5.49% until September 2029, with a maximum loan amount of £300,000.
Darlington Building Society said its flexible underwriting approach allows for a 40-year mortgage term, which can result in more affordable monthly repayments. The lender added that it also considers non-guaranteed income, such as overtime, bonuses, and commissions, to increase customers’ borrowing potential.
“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,” said Stephanie Charman (pictured left), group partnerships and propositions director at Sesame Bankhall Group.
“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.”
Chris Blewitt (pictured right), head of intermediary distribution at Darlington Intermediaries, added that the 95% LTV product would be helpful to borrowers given the current market challenges.
“Those with low deposits are among the most in need of innovation and support given the current challenges in the housing market,” he said. “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.”
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