Base Rate Tracker Mortgage

Base Rate Tracker Mortgage

This Base Rate Tracker Mortgage tracks the Danske Bank Base Rate (UK) for the full term of the loan.
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  • Available to both new & existing customers
  • Choose a mortgage repayment term that suits you
  • No restrictions on mortgage overpayments or lump sum payments

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YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.​
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Base Rate Tracker Mortgage Details

Whether you are purchasing a home, looking to remortgage or simply wanting to borrow some extra money – our Base Rate Tracker mortgage tracks Danske Bank Base Rate (UK) by an agreed margin for the full term of the loan. Any changes to Danske Bank Base Rate (UK), up or down, will be passed on to you immediately.

The rate payable on our Base Rate Tracker mortgage is determined by the Loan to Value (LTV). 

There are no restrictions on making mortgage overpayments or lump sum payments and as interest is calculated daily, this means you get the benefit straight away. There are no early repayment charges.

Choose any mortgage repayment term up to 30 years.

Mortgage calculatorHow much could I borrow? Calculate my mortgage repayments​

Get help with mortgage costs - we offer a cashback incentive PDF for First Time Buyers, Home Movers, and new to bank mortgage Switchers.

 

Please refer to the Representative Example, Mortgage Rates and Conditions​ below for more important information.

 
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​This is additional content

Representative Example

Total amount borrowed £94,000
Mortgage Term 18 years
Rate of interest 2.44% variable
Monthly repayment amount £538.04
Number of monthly repayments 216
Frequency of repayments Monthly
Total Amount payable £116,214.03
Product Fee £0
The overall cost for comparison 2.5% APRC

The actual rate will depend on your circumstances, please ask for a personalised illustration.

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Mortgage Rates

Rates correct as at 16th December 2016.

Our Base Rate Tracker mortgages are not portable. Our Base Rate Tracker mortgage tracks Danske Bank Base Rate (UK) by an agreed margin for the full term of the loan. Any changes to Danske Bank Base Rate (UK), either up or down, will be passed on to you immediately.

Loan to Value (LTV) Current per annum % Tracks above Danske Bank Base Rate (UK) (currently 0.25% variable), by
Overall Cost for Comparison
APRC%
Product Fee
Up to 60% 2.44 + 2.19 2.5 £0
61% to 80% 2.44 + 2.19 2.5 £0
81% to 85% 3.23 + 2.98 3.3 £0
86% to 90% 3.84 + 3.59 4.0 £0
91% to 95% 4.94 + 4.69 5.1 £0

The actual rate available will depend upon your circumstances. Ask for a personalised illustration. View all our mortgage rates.​ ​​​​​​​​​​​​​​​​​​​​​​

Conditions​

  • An independent professional valuation will be required for purchases, remortgages, and Co-Ownership applications with loan to values of 75% and over. If you are an existing Danske Bank mortgage customer switching products, you will not require a professional valuation. These fees/costs are charged by the surveyor directly to you and vary from application to application. For full details on charges please see our Tariff of Mortgage Charges.
  • Whether we provide credit depends on your circumstances, and you must be 18 or over. Lending terms and conditions apply.
  • Your home is security for your mortgage. You may need to provide other security.
  • Choose from fortnightly or monthly repayments.
  • A Danske Bank personal current account will be required to service the mortgage.
  • Maximum Loan to Value 95% (based on the lower of the purchase price or valuation).
  • Minimum loan amount £30,000 (reduced to £10,000 for our existing mortgage customers).
  • Repayment terms of up to 30 years. You will be required to provide us with evidence of affordability in retirement if the mortgage term takes you beyond normal retirement age.
  • The bank only provides mortgages in sterling but will consider applications for mortgages where the applicant's income is in one of the following currencies:  DKK - Danish Krone, EUR - Euro or USD - US Dollar. Fluctuations in the exchange rate will affect your mortgage repayments if your income is in a currency other than sterling. More information is provided in our glossary.
  • Preferential rates for customers with a lower loan to value.
  • This is not a portable mortgage.
  • If you have a mortgage, you must have adequate buildings insurance in place. You do not have to arrange this through us.
  • No higher lending charges apply, but other fees and charges such as legal fees may apply which are not charged by us or paid through us.
  • Available to both new & existing customers.
  • Get help with costs - find out more about our Cashback Incentive Scheme for First Time Buyers, Home Movers and Mortgage Switchers.
  • Available with the Northern Ireland Co-Ownership schemelink to external site (subject to written confirmation from Northern Ireland Co-Ownership that the applicant has been approved to participate in the scheme).

More information

When you take out a mortgage you are borrowing against the value of your home. When you come to sell your home you will need to use the sale's proceeds to repay your outstanding mortgage balance. Be aware that if the value of your home falls below the balance of your mortgage, then you will have to pay us the difference if you want to sell your home. Other security may be required. ​​​​​​​​​​​​​​​​​​​​​​​​

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​YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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