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Danske Bank widens carbon neutral mortgage criteria

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  • 10/02/2022
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Danske Bank widens carbon neutral mortgage criteria
Dankse Bank has widened the criteria for its carbon neutral mortgage and will now consider applications for flats and apartments, including new builds, with a maximum loan to value (LTV) of 85 per cent.

Danske Bank UK will also consider applications where the applicant’s primary source of income is from self-employment, up to a maximum LTV of 90 per cent.

Danske Bank launched its carbon neutral mortgage in the UK last month to those buying properties in the South East, South West and East of England, excluding London. It will be initially sold through brokers registered with Mortgage Advice Bureau.

The Danske carbon neutral mortgage is available to first-time buyers, home movers and remortgagors with a minimum deposit of five per cent.

The bank is also offering a 90 per cent LTV product for new build properties that are less than two years old and is participating in the Help to Buy Equity Loan Scheme. This includes an incentive of free standard valuations for first-time buyers and home movers.

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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