Danske Bank extends carbon neutral mortgage | Mortgage Strategy

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Danske Bank UK says it will expand its carbon neutral mortgage range in England to flats and apartments, including new builds, up to a maximum of 85% loan to value.

The Bank will also now consider applications where the applicant’s primary source of income is from self-employment, up to a maximum of 90% LTV.

Danske Bank launched its carbon neutral mortgage in the UK last month in the South East, South West and East of England, excluding London, initially through brokers registered with the Mortgage Advice Bureau.

The Danske carbon neutral 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 also offers 90% LTV for new build properties, which are less than two years old, and is participating in the Help to Buy Equity Loan Scheme. It also offers free standard valuations for FTBs and home movers interested in this product.

Danske Bank Head of GB mortgages Patrick Mullan said: “The Danske carbon neutral mortgage has been well received since launching in England last month and we’re delighted to be able to expand the criteria of both the homes and borrowers that are eligible for the product.”


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