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

Fixed Rate Mortgage

The interest rate is set for an agreed term, so you’ll know exactly how much your repayments will be during your fixed rate period.

Good to know

  • Cashback Offer - get up to £1,500 cashback on mortgages of £75,000 and over. Offer may be amended or withdrawn at any time.
  • Helping Hand Remortgage Offer - we could give you a helping hand when switching your mortgage to us.
  • You could need as little as 5% deposit
  • Your rate is fixed for 2, 3 or 5 years - it's your choice
  • Repay your mortgage over as many as 30 years
  • A portable mortgage, so you may be able to transfer it if you move house
  • We offer mortgages through the Co-Ownership Scheme
  • Make an overpayment of up to 10% each year without incurring Early Repayment Charges. Find out more

Need to know

  • 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, and you may also need to provide other security
  • A servicing account will be required
  • You may have to pay an Early Repayment Charge

Representative example

A mortgage of £117,000 payable over 24 years initially on a fixed rate for 2 years at 2.33% and then on our Follow-on Rate currently 3.20% above Danske Bank Base Rate (UK) of 0.75% (variable) for the remaining 22 years would require 27 monthly payments of £530.63 and 261 monthly payments of £619.65.

The total amount payable would be £176,055.48 made up of the loan amount plus interest (£59,055.48). A product fee (£0), valuation fee (£175) and mortgage exit fees (£125) are also payable.

The overall cost for comparison is 3.7% APRC representative.

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

Other important information

  • When you reach the end of your Fixed Rate period, you will automatically move to Danske Follow-on Rate.
  • The lower your loan to value, the lower your margin of interest.
  • The bank only provides mortgages in sterling but will consider Fixed Rate applications where the applicant's income is in another currency. Fluctuations in the exchange rate may affect your affordability. More information is provided in our glossary.
  • 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 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.

Terms and conditions

  • You may have to pay for an independent professional valuation unless you are an existing Danske Bank customer switching mortgages. We will arrange this for you.
  • You may have to pay other 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.
  • 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.

Mortgage offers

Buying your first home, upsizing or downsizing, or looking to switch your mortgage provider for a better deal?

Check out our range of mortgage offers.

Find out more