Darlington Building Society has launched a new suite of five-year fixed-rate products under the Own New Rate Reducer scheme, offering up to 95% LTV for new-build purchases. 

The products are available to a wide range of borrowers, including first-time buyers, skilled workers and those on visas.

Delivered in partnership with Own New, a home ownership platform supporting access to new-build properties, the products are designed to support buyers purchasing new-build homes across the country (excluding London), with the benefit of lower monthly repayments. 

Rates start from 4.19% and are aligned with developer incentive schemes offering either a 3% or 5% contribution.

The new product range includes:

• Five-Year Fixed – Rate Reducer (3% incentive) at 4.49%.
• Five-Year Fixed – Rate Reducer (5% incentive) at 4.19%.

Visa-specific options:

Darlington has introduced two Rate Reducer products specifically for applicants on skilled worker or spousal visas:

• Five-Year Fixed – Rate Reducer VISAs (3% incentive): 4.99%
• Five-Year Fixed – Rate Reducer VISAs (5% incentive): 4.69%

These products sit alongside Darlington’s flexible visa criteria, which are designed to remove common barriers for borrowers on skilled worker and spousal visas. 

The Society does not apply a minimum income threshold for 95% LTV applications and places no requirement for a minimum period of UK residency. Instead of relying on a traditional credit score, eligibility is assessed through a credit search. 

Skilled worker visa holders are considered with at least two years remaining on their visa, and spousal visa income is accepted where the joint applicant is a British National or has indefinite leave to remain.

The Own New Rate Reducer scheme is currently supported by over 150 developers across the UK.

Chris Blewitt, Head of Intermediary Distribution at Darlington Building Society, says: “Demand for new-build homes remains strong, particularly among buyers facing barriers with mainstream lenders, and visa status is one of the most common reasons clients fall outside standard criteria. Brokers are telling us they’re seeing a real rise in enquiries from skilled workers and foreign nationals, many of whom are keen to get on the ladder but need greater flexibility in how affordability is assessed.

“By partnering with Own New, we’re giving brokers a practical option to support these buyers with competitive rates and lower monthly payments. It builds on the Society’s wider strategy to support underserved borrower groups and respond directly to what intermediaries are seeing on the ground.”