Danske Bank will lend on principal residential properties in Northern Ireland and has a prudent yet realistic approach to mortgage lending. The Bank’s offering includes a range of tracker and fixed rate mortgage products up to 95% loan to value. In addition, it has a £500 cashback incentive for first-time buyers and customers switching their mortgage to them, when the customer agrees to mandate their salary to a Danske Bank personal current account.
Danske Bank will also accept mortgage applications from customers using the Co-Ownership scheme to purchase a property. This applies across the full range of mortgage products, with 100% of customer share available.
John Cupis, Managing Director, Mortgages, at SBG, commented:
We are very pleased to have further extended our offering with the addition of Danske Bank. I am sure that its range of residential products will prove popular with our members in Northern Ireland.
Tony Wilcox, Danske Bank’s Managing Director, Personal Banking, said the housing market in Northern Ireland was beginning to show signs of recovery. He said:
With average house prices and transaction levels both increasing more people are looking to take out a mortgage, especially among first time buyers. We have money to lend and an attractive proposition for consumers looking for a new mortgage, whether it’s their first mortgage, for a house move or switching from another mortgage provider.
Our new partnership with Sesame will allow us to share our lending proposition with its network members. It is great to be working with such a large and established organisation with a well-deserved reputation for excellent service. We look forward to enjoying a long and successful relationship.