Supported by the intermediary channel, the global bank is targeting property buyers in the UK and nine other jurisdictions including France, Italy and Spain.
The new offering will also cover mortgage refinancing and equity release and will not require borrowers to place other assets under management as a condition of the loan.
The lender would not be drawn on targets but said it planned to make an ‘important contribution’ to the market by building a substantial book over a four-year period.
Michael Morley, head of Deutsche Bank Wealth Management in the UK, said establishing intermediary relationships was ‘one of the first things’ it turned to including reaching out to potential partners, building profile and explaining its products.
“Advisers need to be able to offer advice on both sides of the balance sheet and this was a gap that Deutsche Bank had and it was our judgement that this isn’t a ‘nice to have’,” he added.
Morley continued: “Our sophisticated clients are increasingly coming to us looking for higher value borrowing for principal private residences, high value buy-to-let properties and commercial buildings here.
“We’ll now be able to meet the full spectrum of their needs in the UK, putting our deep international experience and investment banking capabilities to work on their behalf.”
The wealth manager has made a series of hires ahead of launch including Saydam Salaheddin, previously at Credit Suisse, as head of real estate for Europe, and James Lockyer, previously at SG Kleinwort Hambros, who will be reporting to Salaheddin as head of UK regulated mortgages.
Justin Minien, formerly at Metro Bank will support Matthew Spencer, head of intermediaries, previously at Coutts, with broker relationships.
