Bank of China

Bank of China Mortgages

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On 4th November 1929 the Bank of China set up an office in the heart of London. This was the first branch of the Bank which was set up overseas, this Bank of China agency in London represented the first overseas finance institution formed by any Chinese bank ever.

Since then, the Bank of China in the UK has continued to grow steadily, earning a strong reputation and becoming a significant member of the City’s banking community.

Bank of China Mortgages – residential

Residential mortgages are available on a tracker rate from BBR (Bank of England base rate) +2.38% for the term of the mortgage. Lending of up to £7 million is available.

Bank of China Residential Mortgages – BBR +2.39%

  • Rate from 2.89% (BBR + 2.39%) for term of mortgage
  • Purchase or Remortgage
  • Available for loans from £35,000 to £7 million

Unlike other low priced residential mortgage rates this rate is for the lifetime of the mortgage – not two years only

click here to apply for a Bank of China Residential Mortgage online now.

Maximum loan to value for Bank of China Residential mortgages is 80% up to £150,000, 75% up to £500,000, 70% over £500,000

 

Bank of China Mortgages – buy to let

Buy to Let mortgages are available on a tracker rate of BBR (Bank of England base rate) +3.38% for the term of the mortgage. Lending of up to £10 million is available.

Bank of China Mortgages – buy to let

  • Bank of China Mortgages – buy to let
  • Rate just 3.89% (BBR + 3.39%) for term of mortage
  • Purchase or Remortgage
  • Bank of China Mortgages are available for BTL loans up to £6 million

Unlike other low priced Buy to Let mortgage rates this rate is for the lifetime of the mortgage – not two years only

click here to apply for a Bank of China Buy to Let Mortgage online now.

Maximum loan to value for Bank of China Buy to Let mortgages is 75% up to £150,000, 70% up to £500,000, 65% over £500,000

 

Bank of China process

Bank of China will first require sufficient information to make an initial decision on your case (this does not involve credit score and is at no cost to you)

click here to provide information for a Bank of China mortgage offer in principle

Once you have an positive initial decision from Bank of China, a full mortgage application pack will be prepared by our team and emailed to you to complete and return.

If you wish to speak to our team to assess your acceptability to Bank of China for mortgage lending please call our team on 020 8979 9684 or 020 8979 9684

Further Bank of China underwriting detail

Bank of China will lend to the following:

  • UK national
  • EEU Nationals
  • Mainland Chinese Nationals
  • Hong Kong Nationals
  • Maccau Nationals
  • Malaysian Nationals
  • Singapore Nationals

Overpayments are allowed
Most property types are allowed including flats above shops and flats above 4 storeys

The following income types can be considered

  • employment – basic, overtime, commision and bonus
  • self employment profit
  • self employment dividends
  • pension income
  • mortgage subsidy
  • large town allowance
  • rental income

Minimum age 21 years
Maximum age 65 years
Minimum income £18,000

Buy to Let and Bank of China

  • rental coverage 100%
  • maximum properties 10
  • maximum lending £10 million
  • minimum income £18,000
  • lending available to limited companies
  • lending available to offshore companies and trusts