We need more competition in the UK mortgage market, especially with Buy to Lets and along comes Bank Of China with some great products. Bank of China is the third largest bank in the world by market capitalisation and has had a presence in UK banking since 1929. It’s great to see a global brand such as this enter the market with some great rates. Any competition at this stage is a good thing and we can only hope that it will encourage more banks to enter the buy to let market whilst also put pressure on the current lenders to offer better rates.
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