Bank of China extends buy-to-let mortgage criteria

We know that the Chinese are slowly taking over the world and that the 21st Century is the Chinese Century.

Landlords looking for a buy-to-let mortgage may not know that the Chinese in the form of Bank of China are also a lender on UK buy-to-let property.

They have in fact just extended their lending criteria and are now prepared to lend on buy-to-let portfolios of up to 10 investment properties or a maximum advance of £1m.

LTV's are 65% for under £250k, £60% for over £250k.

Rate is 3.5% above base

Min income for the borrower is £18k.

BTL BROKER 01424 205 373 ref PropertyHawk for No Fees Special Deal

Free property management software, Free tenancy agreements