Bank of China increase their term tracker mortgage

Aaron Strutt Image
Bank of China has made a rare increase to their leading term tracker mortgage. The rate has increased from 2.80% to 2.98%. The arrangement fees will stay the same, starting at £1,295 and the maximum loan remains at £10million. Aaron Strutt, a broker at Trinity Financial, says: “There are not a huge amount of Bank of England term tracker mortgages available and the new rate is still very competitively priced. One reason it is so popular is because the early repayment charges are only 1% for the first year.” Bank of China (UK) will only accept applications from Foreign Nationals or British Expats in the following locations: China, Hong Kong and Singapore. June 22, 2012
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