History

Darlington Building Society was founded 1856 and was originally called the Darlington Working Men's Equitable Permanent Building Society. It is a mutual organization that has no outside shareholders to pay dividends to so all the profits directly benefits the members. It serves County Durham, North Yorkshire and the Tees Valley. Darlington Building Society is a mutual organisation and a member of the Building Societies Association. Its head office is located in Darlington County, Durham, England.

They are dedicated to remaining a mutual independent building society, run for their members. Their strategy of corporate governance reflects this aim. The Society is run by a Board of Directors, whose principal functions are to determine the group's strategy and policies, to establish guidelines and to review business performance and its management.

Much of the day to day management of the Society is done by the Senior Management Forum, but the Board operates four sub-committees to deal with specific issues. These are:

• The assets and liabilities committee
• The audit committee
• The nominations committee
• The remuneration committee

Darlington Building Society is committed to remaining a mutual independent building society providing benefits for the local community, local people and members of the society. They operate 15 branches and 3 community branches.

Remortgages offered through Darlington Building Society

The following are the remortgage schemes offered by the Darlington Building Society:

Fixed Rate - your initial rate is fixed for an agreed period of 3 or 5 years. After the fixed rate period your mortgage will revert to Darlington's standard variable rate for the rest of the mortgage term. An arrangement fee is applicable.

Discount - your initial rate will be set at a discount off the Society's standard variable rate for an agreed period. Darlington has discount mortgages for 2 and 3 years. After the discount rate period your mortgage will revert to Darlington's standard variable rate for the rest of the mortgage term. An arrangement fee is applicable.

Tracker - your initial rate is set according to the Bank of England Base Rate for an agreed period. After the tracker rate period has finished your rate will revert to the Bank of England Base Rate +1% for the rest of the mortgage term. An arrangement fee is applicable.

Standard Variable Mortgage - your mortgage is set at the Society's standard variable rate for the whole term. An arrangement fee is applicable.

If you are interested in a mortgage quotation including those offered by the Darlington Building Society please complete their quick enquiry form.