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

Prices and Interest Rates

The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Whether we provide credit depends on your circumstances, and you must be 18 or over. Lending terms and conditions apply. A servicing account will be required. Your home is security for your mortgage. You may need to provide other security.

Correct as at 1 July 2020.
Home Lending Current per annum%
Danske Bank Reference Rate (UK) variable 0.10
Danske Bank Standard Variable Rate (UK) 4.30
Danske Follow-on Rate variable* 3.30

Where the interest reference rate that applies to your home loan, or personal loan, is either the Danske Bank Reference Rate (UK) or Danske Bank Standard Variable Rate (UK) then we can change that rate of interest at any time. These are our own interest reference rates, the rates are set by us and we make them publicly available.

*If your Fixed Rate mortgage was effected on or after 26th June 2018, at the end of your Fixed Rate period, it will automatically move to Danske Follow-on Rate. Danske Follow-on Rate is a variable rate comprised of Danske Bank Reference Rate (UK) currently 0.10%, plus a margin of 3.20%.

If your mortgage was effected before 26th June 2018, at the end of your Fixed Rate period, it will automatically move to our Standard Variable Rate, as outlined in your mortgage offer.

Danske Re:pay

Maximum Loan to Value 85%

The interest rate which will apply to your Danske Re:pay mortgage account depends on the amount of the original loan, as shown in the table below. The interest rate charged will continue to be the rate that applies to the original loan amount (even when the amount you owe reduces over time) until you have paid off the mortgage in full. Danske Re:pay is our own reference rate, the rates are set by us and we make them publicly available.

Original loan amount Current per annum% Overall Cost for Comparison APRC% Product Fee
£50,000 - £99,999 3.49 3.6 £0
£100,000 - £149,999 3.24 3.3 £0
£150,000 - £199,999 2.94 3.0 £0
£200,000+ 2.94 3.0 £0

Self Build Home Loan

Minimum Loan Amount £10,000

You will need to service your mortgage from a Danske Bank personal current account.
Self Build Home Loan – Variable Current per annum% Overall Cost for Comparison APRC% Product Fee
Danske Bank Home Loan to be taken at end of term 4.30 5.3 1% of the amount borrowed with a minimum fee of £999

Buy to Let / Investment Property Loan

Minimum Loan Amount £30,000
(£10,000 for existing mortgage customers)

You may have to pay an Early Repayment Charge with our Fixed Rate Investment Property Loan. Please ask us for an illustration that will set out the Early Repayment Charges which apply.

 

Our Tracker Home Loan Investment Property Loan tracks Danske Bank Reference Rate (UK) by an agreed margin for the full term of the loan. This is our own interest reference rate and we make it publicly available. Any change will take effect at the beginning of the day after we announce a change in the Danske Bank Reference Rate (UK). If we change this rate we will publish notices on our website, in our branches and in newspapers circulating Northern Ireland.

Existing Danske Bank mortgage customers over 95% loan to value

Available to existing customers repackaging their mortgage with us where their existing borrowing is over 95%. Not available for new borrowing
  • Over 95% loan to value - Not available for new borrowing
    Current per annum% Overall cost for Comparison APRC % Product Fee
    Fixed until: 3 January 2023
    Changing on: 3 January 2023
    to our Danske Follow-on Rate for the remainder of the Home Loan term    		 3.98
    3.30    		 3.5 £0
    Fixed until: 2 January 2026
    Changing on: 2 January 2026
    to our Danske Follow-on Rate for the remainder of the Home Loan term    		 4.20
    3.30    		 3.8 £0

Residential Tracker Home Loan
Current per annum% Tracks above Danske Bank Reference Rate (UK) (currently 0.10% variable), by Overall Cost for Comparison APRC% Product Fee
5.11 +5.01 5.2 £0

Representative example

A mortgage of £127,000 payable over 21 years on a fixed rate for 5 years at 2.14% and then on our Follow on Rate 3.20% above Danske Bank Reference Rate (UK) of 0.10% (variable) for the remaining 16 years would require 63 monthly repayments of £625.96 and 189 monthly repayments of £680.90.

The total amount payable would be £168,123.89 made up of the loan amount plus interest (£41,123.89). A product fee (£0), valuation fee (£225) and mortgage exit fees (£125) are also payable.

The overall cost for comparison is 2.80% APRC representative.

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

Take a look at the other products we have on offer using our repayment calculator

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