Danske Mortgages

If you are interested in taking out a mortgages with Danske Bank you will need to consider your borrowing requirements and personal circumstances to see which of their offers is most suitable for you.

Danske Bank is the trading name of Northern Bank Ltd, one of the largest banks in Northern Ireland and an autonomous subsidiary of Danske Bank Group. They have been helping people and businesses achieve their ambitions for over 200 years.

First Time Buyers

In the current property market, it can be hard for first time buyers to get a foot on the ladder. Many lenders, such as Danske Bank offer mortgage products specifically designed for first time buyers.

With Danske you can benefit from co-ownership mortgages; make overpayments; take out a mortgage up to a 30 year term and borrow up to 95% of the property value.

Remortgaging with Danske Bank

As interest rates change over time and new products come onto the market, it can be a good idea to move your mortgage to a different provider to get a better deal.

This can also allow you to borrow more, so you can pay off your existing mortgage and have some cash left over. Switching mortgage providers can be relatively simple, with many lenders offering to help you with some or all of the fees involved.

Danske Bank offer free standard legal fees plus free valuations up to £600. Cashback offers are also often available on products.

The lender offer fixed and tracker rate products & you may be able to borrow more for home improvements.

Second charge mortgages

If you have a good deal on your existing mortgage but want to borrow more, it may make more sense to take out a separate secured loan, known as a second charge mortgage. This allows you to unlock extra finance without interfering with your existing mortgage.

Loan to value ratio

How much you will be able to borrow as a mortgage is likely to be influenced by a number of factors, including how much you earn.

Another important consideration is your loan to value (LTV) ratio. This shows how the amount you want to borrow relates to the market value of your property.

So, if you want to borrow £50,000 as a mortgage on a £100,000 house, your LTV would be 50%.

If you then wanted to take out a second charge mortgage for a further £25,000, this would make your LTV 75%.

The higher your LTV, the higher interest rates most lenders will tend to offer.

Find the best deals on mortgage rates

The mortgages market is diverse, with many different providers and types of mortgages to choose from. This can make it hard to know which offers the best value for you. Our mortgage calculator takes a lot of the hard work out of the equation for you.

All you have to do is head to the top of the page and plug in some basic details, including the amount you wish to borrow, how long you want to repay over and why you need the money.

The mortgage calculator will then match your enquiry with our pick of the top deals from across the industry, making it much quicker and simpler for you to make a comparison.

Independent Mortgage Advice

Remortgaging is particularly popular at the moment as interest rates are low.

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Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.

However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.

If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).

If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on Danske bank mortgages as well as other lenders.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.