Bank of China raise minimum mortgage level to £80,000

Bank of China – Minimum Mortgage Level up

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The attractiveness of current Bank of China mortgage rates (residential 2.8% and buy to let 3.88%), together will several features in the National Press this month has seen a sharp rise in mortgage enquiries to the Bank.

In an attempt to keep the level of new business under control the Bank of China have taken the decision to increase minimum mortgage size for new applications to £80,000.

How does this Bank of China decision affect you?

If you are seeking a Bank of China Mortgage of £80,000 or over you may think that this recent change will not affect you.

You should bear in mind however, that high demand for lending from the Bank of China will at some point result in an increase in product rate or possibly a temporary halt on new business lending.

Therefore if the Lifetime Tracker products offered by Bank of China are of interest to you. Make sure you take action today.

To make your enquiry – click the link below.

Contact A Mortgage Now

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