ING mortgage to launch next year

ING Direct has confirmed it is considering launching a mortgage product in 2006.

For over a year there have been a number of rumours circulating that the Dutch-owned organisation was setting up a mortgage arm. The company has finally confirmed that while several products are up for consideration, the front runner is now a mortgage.

A spokeswoman for ING Direct says: “Before launching a mortgage we will consult customers as we want to offer a product that shares the open, honest and simple approach we have brought to the savings market.

“Over the next few weeks a questionnaire will be sent out, asking what product features would be valued. Once this feedback is taken on board the product can be finalised and launch plans made.”

ING Direct launched its savings account in 2003 and has since signed up over 900,000 customers.