Danske Bank UK has launched a carbon neutral Help to Buy remortgage product range for homeowners who have used the government’s Help to Buy Equity Loan Scheme.

The lender has created three options to help homeowners approaching the end of their existing mortgage deal or the five-year interest-free period.

The options include remortgaging and repaying all of the equity loan, remortgaging and paying out part of the equity loan or remortgaging and keeping the equity loan.

The Help to Buy remortgage products include £500 cashback and an arrangement fee of £999.

Both two- and five-year fixes are available from 60% loan to value (LTV) to 85% LTV.

The 85% LTV two-year fix has a rate of 5.32% while the 85% LTV five-year fix has a rate of 4.96%.

Danske Bank UK mortgages are available only through brokers registered with Mortgage Advice Bureau and for homes with an Energy Performance Certificate of A-C in the East of England, South West and South East including London.

Danske Bank UK head of GB mortgages Patrick Mullan says: “When we made our Danske Carbon Neutral Mortgage available in England a year ago, we said we would take a step-by-step approach to our product range.”

“Our Help to Buy remortgage options are the next step in this journey and in helping more customers on their journey to own more sustainable homes.”