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remorgaging


hein25

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Hi does anyone got info on China Bank morgages? I am looking to remorgaging a buy to let, the lowest fix for 3 years I have been quoted is 4.99% woolwich ,getting a good rate is hard to come by .this bank is quoting 3.5% over base rate ,is it safe? This rate is lifetime of the morgage tracker.I have not heard of this bank offering morgages to uk customers.

Any input appreciated.

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Hi,

This bank is not regulated by the banking ombudsman in the UK so you could argue that you are taking a risk over a small percentage. Although UK banks don't have the best of reputations at the moment I think I would stick to home on this one. Woolwich/Barclays are sound and long experience of lending on the market. I'd stick with them if they have made you an offer.

Good luck,

Mortitia

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