SmartLandlord.co.uk welcomes Bank of China mortgages
www.moneynews.co.uk > Mortgages > SmartLandlord.co.uk welcomes Bank of China mortgages
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SmartLandlord.co.uk welcomes Bank of China mortgages
Tue 28th Jul 2009
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The Bank of China is currently advertising the availability of buy-to-let mortgages for first-time buyers, as well as those looking to remortgage and people hoping to move house.
Additionally, it is offering better rates than many homegrown high street lenders.
Keshav Thukaram, managing director of Smartlandlord.co.uk, said: "The bank's cautious approach to buy-to-let lending should lead the way for other lenders in what it still - wrongly - considered a risky sector."
He added that the move also suggests that the Bank of China is putting its faith in the UK property market and recognises that the private rented sector is still "buoyant".
The Bank of China is one of its home country's four state-owned commercial financial institutes and its businesses span commercial and investment banking and also insurance.
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