Mortgage News
Home of Choice adds Bank of China to lending panel
Home of Choice has revealed it will extend its range of mortgage products with loans from Bank of China.
The mortgage and protection network has struck a deal with Bank of China to distribute lifetime tracker loans via its appointed representatives (ARs).
The loans are available with reduced arrangement and valuation fees, and are priced at 2.8%- (base rate +2.3%) and 75% LTV for residential borrowers and 4% (base rate +3.5%)and 65% LTV for buy-to-let borrowers.
Mortgage applications will be processed by packager Solent Mortgage Services. Applicants will be invited for an interview at one of Bank of China’s five UK branches.
John Ahmed, commercial director at Home of Choice, said: “Home of Choice anticipates that the Mortgage Market Review (MMR) will lead to stronger commercial relationships between lender,network and broker. Innovative lenders like Bank of China working with good networks to champion prudent lending to the right borrowers will breathe new life into the sector”.
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