Deutsche Bank enters mortgage market | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Derin Clark

Derin Clark

Online Reporter
Published: 31/05/2019

Deutsche Bank Wealth Management has entered the UK mortgage market this week, where it will provide mortgages for those who want to borrow £3m or more.

The bank, which specialises in banking for high net-worth individuals, now offers regulated mortgage products for those wanting to borrow a minimum of £3m to buy properties in the UK and imminently in nine other counties, including France, Italy and Spain. The Deutsche Bank mortgage offering will also include mortgage refinancing and equity release.

Commenting on entering the UK mortgage market, Michael Morley, head of Deutsche Bank Wealth Management in the UK, said: “This offering is a game-changer for Deutsche Bank Wealth Management in the UK and demonstrates our commitment to this market.

“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.”

Mortgage competition

Although Deutsche Bank will be entering a niche area of the UK mortgage market, it comes at a time of intense competition between providers, which has seen some – such as Tesco Bank – exit the mortgage market. Saying this, those who are high net-worth and looking to borrow substantial amounts for a mortgage often have difficulty finding providers willing to lend such sums so Deutsche Bank’s entry into this part of the market will be welcome news.

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

city of london skyline

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy