Danske Bank Mortgages
Danske Bank is a commercial bank in Northern Ireland formerly known as Northern Bank.
They offer a range of mortgages for different types of customers, including existing homeowners, first time buyers, self-builders and buy to let landlords.
Which type of mortgage suits you will depend on your personal circumstances, so it’s a good idea to familiarise yourself with the various options before making a decision.
Fixed rate mortgage or tracker mortgage?
Danske Bank offers two main types of mortgages: fixed rate and tracker. Each has their own advantages depending on your borrowing priorities.
Fixed rate mortgages from Danske Bank offer a set rate of interest for the first 2, 3 or 5 years of your mortgage term, depending on which mortgage product you choose.
When the fixed rate period ends, you will move to a standard variable rate of interest for the remainder of your mortgage term.
Fixed rate mortgages can be a good choice if you prefer to know exactly how much your repayments will be each month to help you better plan your finances.
Tracker mortgages from Danske Bank set your interest rate at a fixed internal above the Danske Bank Base Rate (UK) for the full term of the loan.
This is better than many tracker mortgages which generally switch to a standard variable rate after an introductory period.
Tracker mortgages generally start off at a lower rate of interest than fixed rate mortgages, but this rate can go up as well as down over time.
This type of mortgage is popular with people who prefer the transparency of knowing their interest rate will only change due to the economy, not the commercial interests of the lender.
Find the best interest rates on Danske Bank mortgages
Our mortgage calculator at the top of the page makes it quick and simple to compare interest rates and other features on mortgages from Danske Bank and all the leading lenders.
This means you can be confident that you are choosing the best value deal for you when selecting your mortgage.