Danske Bank launches carbon neutral mortgage in England

Danske Bank has launched its carbon neutral mortgage outside of Northern Ireland for the first time, making it available to homeowners and homebuyers in the South East, South West and East of England, excluding London.

Related topics:  Mortgages
Rozi Jones
24th January 2022
Danske Bank
"It’s a natural step for us to bring that expertise and capability to benefit consumers in Great Britain."

The move follows the launch of the mortgage in Northern Ireland last year. The mortgage certified as carbon neutral by the Carbon Trust, and is available on homes with an Energy Performance Certificate (EPC) or a Predicted Energy Assessment (PEA) rating of A-C.

Danske's carbon neutral mortgages account for around 25% of its new mortgage business in Northern Ireland and the bank will now offer it to customers in selected regions in Great Britain initially through brokers registered with Mortgage Advice Bureau.

The mortgage is available up to 95% LTV to first time buyers, home movers and remortgagers.

The Bank has appointed a head of GB mortgages, Patrick Mullan, and a team of BDMs to work with British brokers.

Richard Caldwell, managing director at Danske Bank, said: “We’re already a market leader in Northern Ireland and have a significant presence in the mortgage intermediary market here, so it’s a natural step for us to bring that expertise and capability to benefit consumers in Great Britain.

“This is part of our wider strategy to be a leader in Northern Ireland and a challenger in GB in targeted market segments where we can leverage existing expertise. In addition to providing mortgages through a selection of brokers, we are now also an active lender in the syndicated lending market along with the British social housing sector, and will be looking to pursue further growth opportunities in the marketplace.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.