Danske expands Carbon Neutral Mortgage criteria

Danske Bank UK has announced that it is expanding its Carbon Neutral Mortgage offering in England by considering applications for flats and apartments, including new builds, with a maximum loan-to-value (LTV) of 85%.

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

Danske Bank launched its Carbon Neutral Mortgage in Great Britain last month in the South East, South West and East of England, excluding London, initially through brokers registered with 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 is also offering 90% loan to value for new build properties (less than two years old) and is participating in the Help to Buy Equity Loan Scheme. The Bank is also offering free standard valuations for first time buyers and home movers interested in the product.

Patrick Mullan, Head of GB Mortgages at Danske Bank, 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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