Danske Bank UK has announced it is entering the market in Great Britain and in doing so making its carbon neutral mortgage available for residential homes.

The mortgage will be available in the South East, South West and East of England, excluding London, initially through brokers registered with Mortgage Advice Bureau.

Loans are available on two and five-year fixed rates with a max LTV of 95%. Purchase Rates are available with a £999 fee and also come with Free Standard valuations.

A two-year fixed rate offer up to 60% LTV is available at 1.57%. An offer of between 91% and 95% is available at 3.08%.

Meanwhile, a five-year fixed rate mortgage 60% LTV is available at 1.7%, and 91-95% LTV is available at 3.03%.

The move follows the successful launch of the mortgage in Northern Ireland last year.

Danske Bank claims it is the first mortgage service in the UK to be certified as carbon neutral by the Carbon Trust.

It is available on homes with an Energy Performance Certificate (EPC) or a Predicted Energy Assessment (PEA) rating of A to C.

The mortgage is available to first time buyers, home movers and remortgagers and is available with a minimum 5% deposit, subject to terms and conditions.

Danske is also offering 90% LTV for new build properties and is participating in the Help to Buy Equity Loan scheme.

The bank has appointed a team of business development managers to work with GB brokers to handle queries and provide guidance.

Brokers will also have access to the underwriting team in Northern Ireland via a help desk.

Danske Bank head of GB mortgages Patrick Mullan says: “We’re already a market leader in Northern Ireland and have a significant presence in the mortgage intermediary market there, so it’s a natural step for us to bring that expertise and capability to benefit consumers in England.

“Domestic homes generate an estimated 15% of the UK’s greenhouse gas emissions, so improving the energy efficiency of our homes is crucial in the fight against climate change.

“Danske Carbon Neutral Mortgages now account for around 25% of our new mortgage business in Northern Ireland.

“It’s a unique proposition in the market, which rewards customers for choosing greener homes, and ensures that the mortgages we provide on these homes don’t contribute to rising greenhouse gas emissions.”

Mortgage Advice Bureau head of lending Brian Murphy adds: “Mortgage Advice Bureau are delighted to have access to Danske Bank’s mortgage products, albeit initially on a limited geographical basis from the outset.

“We have been engaged with Patrick and the team for a considerable amount of time, specifically around their launch onto the UK mainland, and thanks to our experience with advisers operating across Northern Ireland, we know what a valuable lender they have been – and having access to their products across a much larger group of advisers can only be beneficial for our customers.”