Current per annum% | Overall Cost for Comparison APRC% | Product Fee | |
---|---|---|---|
Fixed until: 3 April 2023 Changing on: 3 April 2023 to our Danske Follow-on Rate for the remainder of the Home Loan term |
4.13 3.30 |
3.8 | £999 |
Fixed until: 1 April 2026 Changing on: 1 April 2026 to our Danske Follow-on Rate for the remainder of the Home Loan term |
4.33 3.30 |
4.1 | £999 |
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 at 1 February 2021.
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.
Self Build Home Loan
Minimum Loan Amount £10,000
You will need to service your mortgage from a Danske Bank personal current account.
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.
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Fixed Rate Investment Property Loan – Loan to Value (LTV) over 75%. Only available to existing Danske Bank Investment Property Loan customers. Not available for new borrowing.
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Reference Rate Tracker Investment Property Loan
Loan to Value (LTV) Current per annum% Tracks above Danske Bank Reference Rate (UK) (currently 0.10% variable), by Overall Cost for Comparison APRC% Product Fee Over 75%* 5.29 5.19 5.7 £999 * Over 75% Loan to value rates are only available to existing Danske Bank Investment Property Loan customers. Not available for new borrowing
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
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Over 95% loan to value - Not available for new borrowing
Current per annum% Overall cost for Comparison APRC % Product Fee Fixed until: 3 April 2023
Changing on: 3 April 2023
to our Danske Follow-on Rate for the remainder of the Home Loan term3.98
3.303.5 £0 Fixed until: 1 April 2026
Changing on: 1 April 2026
to our Danske Follow-on Rate for the remainder of the Home Loan term4.20
3.303.8 £0
Residential Tracker Home Loan
Representative example
A mortgage of £119,000 payable over 23 years on a fixed rate for 5 years at 2.72% and then on our Follow on Rate 3.20% above Danske Bank Reference Rate (UK) of 0.10% (variable) for the remaining 18 years would require 62 monthly repayments of £580.19 and 214 monthly repayments of £607.90.
The total amount payable would be £166,060.91 made up of the loan amount plus interest (£47,060.91). A product fee (£0), valuation fee (£225) and mortgage exit fees (£125) are also payable.
The overall cost for comparison is 3.1% APRC representative.
The actual rate will depend on your circumstances, please ask for a personalised illustration.