Your home may be repossessed if you do not keep up repayments on your mortgage

Buy to Let

If you want to buy a property to let out, you can choose between our Fixed Rate and Base Rate Tracker mortgages.

Fixed Rate Mortgage

Good to know

  • You can borrow up to 75% of the value of the property – depending on its location
  • Your rate is fixed for 2, 3 or 5 years - it's your choice
  • Repay your mortgage over as many as 25 years
  • A portable mortgage, so you may be able to transfer it to another property
  • Knowing your repayments will not change will help you budget during the fixed term

Base Rate Tracker Mortgage

Good to know

  • You can borrow up to 75% of the value of the property – depending on its location
  • Repay your mortgage over as many as 25 years
  • You can make lump sum or overpayments at any time without incurring a charge
  • No Early Repayment Charge if you choose to repay your mortgage early

Need to know

  • Whether we provide credit depends on your circumstances, and you must be 21 or over - lending terms and conditions apply
  • Your home is security for your mortgage, and you may also need to provide other security
  • You will need to service your mortgage from a Danske Bank personal current account
  • You may have to pay an Early Repayment Charge
  • A product fee will apply
  • When you reach the end of your Fixed Rate period, you will automatically move to our Standard Variable Rate

Need to know

  • Whether we provide credit depends on your circumstances, and you must be 21 or over - lending terms and conditions apply
  • Your home is security for your mortgage, and you may also need to provide other security
  • You will need to service your mortgage from a Danske Bank personal current account
  • A product fee will apply
  • Your mortgage repayments may go up as well as down
  • Not a portable mortgage so you cannot transfer it to another property

Representative example

A mortgage of £84,000 payable over 15 years on our tracker rate for the mortgage term of 15 years at 2.99% above the Danske Bank Base Rate (UK) of 0.50% (variable) would require 180 monthly payments of £601.16.

The total amount payable would be £108,208.47 made up of the loan amount plus interest (£24,208.47). A product fee (£999), valuation fee (£225) and mortgage exit fees (£125) are also payable.

The overall cost for comparison is 3.8% APRC representative.

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

Other important information

  • The lower your loan to value the lower your margin of interest.
  • The bank only provides mortgages in sterling and will not consider Buy to Let applications where the applicant's income is in another currency.
  • Repayments are made monthly.
  • Interest is calculated daily and charged quarterly.
  • When you take out a mortgage you are borrowing against the value of your property.
  • When you come to sell your property you will need to use the sale’s proceeds to repay your outstanding mortgage balance. Be aware that if the value of your property falls below the balance of your mortgage, then you will have to pay us the difference if you want to sell your property.

Terms and conditions

  • You will have to pay for an independent professional. We will arrange this for you.
  • You may have to pay fees such as legal charges, which are not paid through us.
  • You must have buildings insurance in place on your property. You do not have to arrange this through us. Where the property is not owner occupied, you should arrange to have special insurance in place to cover public liability.
  • For full details on charges please see our Tariff of Mortgage Charges.
  • If your mortgage term takes you beyond normal retirement age, we may ask you to provide us with evidence that you’ll be able to afford your repayments after you stop working.