1, UK housing loan certificate
First, you must have a passport as proof of identity; The second is the need for nearly three months of bank running accounts and nearly three months of bank statements; The third is the need for personal deposit certificates;
2. How to apply for a housing loan in the UK?
To apply for a housing loan in the UK, you must provide your own asset certificate, income details and identity certificate. After receiving the information, the bank will make a preliminary evaluation to determine the buyer's loan amount.
Good asset credit must be guaranteed, and unsecured debts will be included in the bank's evaluation of lenders. The whole process is estimated to take about a week to complete.
3. Loan approval and house purchase payment
After the bank makes an evaluation report on the purchased British real estate, the bank will give the buyer a loan amount in combination with the buyer's financial situation.
4. British housing loan interest rate.
There are two kinds of housing loans in Britain. The first is self-occupied property mortgage loan, and the second is investment property loan. The proportion and interest depend on the value of the property and the type of loan.
Now in the process of buying a house in Britain, lawyers will participate in it, which can guarantee the interests of buying a house. Moreover, there are many loan banks, which is very different from the domestic situation, and the competition between banks is fierce. Therefore, there are many preferential loan policies, and the strength is also great, which can save your purchase cost in the UK.
The mortgage interest rate in Britain adopts floating interest rate, which varies according to the needs of users to buy a house. Details are as follows:
Self-occupied housing: add 2.68% to the benchmark interest rate of the Bank of England, and fluctuate with the benchmark interest rate according to this spread during the loan period. .
Invest in buying a house: add 3.38% to the benchmark interest rate of the Bank of England, and fluctuate with the benchmark interest rate according to this spread during the loan period.
Remarks:
A. In order to repay the loan conveniently, investors need to open a settlement account with China Bank Co., Ltd., and your rental income must be received through this account.
B different loan interest rates are applicable to the application for investment lease real estate loans submitted in the name of the company. Please consult the UK branch for details.
3. Loan life: According to the financial situation of the buyer, the longest loan life of Bank of China UK Branch is 25 years.
5. How to remit money
Although the Bank of China has a branch in China, it is not as convenient as you think to remit money from China to the British branch. Just turn around. Domestic buyers are still subject to a limit of not more than $50,000 per person per year when remittance and down payment are made. For ordinary domestic investors, it is a feasible way to find more people to help and remit money to the accounts of investors in the British branch.
6. Loan costs
The specific amount of appraisal fee is determined according to the purchase price of the house and paid when you submit the loan application.
The bank will charge a mortgage fee and pay it when you accept the loan agreement.
7. Repayment method
The mortgage for self-occupation and investment needs shall be repaid in the form of equal principal and interest.