"This offering is a game-changer for Deutsche Bank Wealth Management in the UK and demonstrates our commitment to this market."
The new offering is available to clients who want to borrow over £3 million and will also cover mortgage refinancing and equity release.
The Bank said it will “dry lend”, offering large mortgages without requiring assets under management.
To facilitate the new offering, Deutsche Bank has announced a series of hires including Saydam Salaheddin, previously at Credit Suisse, who has taken on the role of 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, will support head of intermediaries Matthew Spencer in working with mortgage brokers.
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.”
Balaji Prasanna, global head of lending and deposits for Deutsche Bank Wealth Management, commented: “Our strength in providing lending and liquidity solutions is a key differentiator for our business and I am confident that this decisive step into real-estate lending will give us another significant way to engage with our clients and provide market-leading solutions that few competitors can match.”
