- Are resident of England, Wales
- Are older than 18 and younger than 70 at mortgage end
- Have no CCJs, arrears, defaults, bankruptcies, repossessions
Additional criteria may apply
Those with a Bank of China (UK) current account can take advantage of the bank’s range of mortgage products including residential and buy-to-let mortgages.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The first Bank of China UK branch was opened in London in 1929; it was the first overseas branch to be opened by the bank. As the years passed the bank established its reputation as part of the city’s financial and banking community and in 2007, it was given approval by the Financial Services Authority to open a UK subsidiary – the Bank of China (UK).
The Bank of China may not be the best-known name on the British high street just yet, but since 2009 they have expanded their range of mortgage products and are fast becoming a big player in the UK mortgage market. At the moment they only have a small number of branches in the UK, but they offer a varied selection of residential and buy to let mortgages with competitive rates.
Bank of China (UK) mortgages are only available direct from one of their branches or via a mortgage broker. Mortgage loan officers in branches are available to offer advice in English and Chinese.
Customers wishing to apply for a mortgage from Bank of China (UK) must have Bank of China (UK) current account in order to make repayments into their mortgage account. This also applies to buy to let mortgages; any rental income generated from a property financed by a Bank of China (UK) mortgage must be paid into a Bank of China current account.
Tracker mortgages are available for residential customers, including buy to let. Arrangement fees for a Bank of China (UK) mortgage vary accounting to the product chosen and the loan amount required. Interest is calculated daily.
Overpayments and early repayment is permitted, although an early repayment charge may be triggered.
Customers may be able to take advantage of a legal fees assistance offer from the Bank of China (UK). However, this is only available on mortgage applications made in-branch.
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