1. Documents required by the British branch to apply for a loan 1. Valid passport.

2. Bank statements for the past three months

3. Payrolls and new tax bills for the past three months

4. If the lender is a self-employed, it must provide the financial report of the last three years and the latest HMRC and SA302 forms, which are applicable to applicants who file their own tax returns.

5. Proof of deposit

Note: Although they are all called China Bank, domestic banks are mainly engaged in domestic business, so it is impossible to obtain more information on how to issue foreign loans. If you want to get a loan in Britain, you must contact the British branch directly. From this perspective, Bank of China UK Branch is understood as a third party operating independently under the same brand.

Second, how to deal with housing loans in Britain

In fact, the conditions and procedures for obtaining housing loans in Britain are the same as those in China, but there are differences in document delivery and loan exchange rate. The following is a brief introduction of relevant procedures:

1. Preliminary assessment

Domestic buyers provide personal asset certificates, income certificates and identification certificates, and send these materials directly to Bank of China UK Branch. After receiving the information, the British branch will make a preliminary assessment to determine the loan amount of the buyer.

Time required: the preliminary evaluation process will be completed in about one week after the bank receives the buyer's certificate.

2. The buyer inspects the house

If the preliminary evaluation results given by the bank meet your actual needs, then the buyer can enter the actual house acceptance and purchase link. It should be noted that there was a third-party house inspection before the signing of the British house purchase contract. The test report not only describes the housing quality and other related information, but also gives the corresponding valuation, which will determine the final loan amount of the bank.

Time required: As the inspection is conducted by a third-party organization, the bank cannot control it. It usually takes a month. The house inspection fee is usually paid by the buyer.

3. Lending approval

After receiving the inspection report, the bank will hand over the final loan amount to the buyer according to the valuation of the report and the financial situation of the buyer, and sign a mortgage loan contract with the buyer according to the local loan interest rate in the UK.

Time required: about 1-2 weeks.

Note: At this stage, the buyer needs to open an account with Bank of China UK Branch.

Three. Remittance, loan interest rate, loan ratio and other related details.

1. loan ratio

The proportion of housing loans available to domestic buyers is closely related to their financial situation, real estate appraisal price and buyers' purchase purpose.

According to the practice of Bank of China UK Branch, buyers can get up to 80% loan ratio with less down payment. Buyers need to pay more down payment, and the down payment can only get 75% of the loan.

2. Loan interest rate

In Britain, the floating interest rate is adopted, which varies according to the different needs of users. Details are as follows:

House purchase: 2.68% higher than the benchmark interest rate of the Bank of England, and the loan term fluctuates with the benchmark interest rate.

Housing investment: increase by 3.38% on the basis of the benchmark interest rate of the Bank of England, and the loan term fluctuates with the benchmark interest rate.

Remarks:

A. In order to facilitate repayment, 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 Term: According to the financial situation of the buyer, the current loan term of the President of Bank of China UK Branch is 25 years.

4. 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. The annual remittance and down payment of domestic buyers still do not exceed $50,000. For ordinary domestic investors, it is feasible to get help from more than one person and then remit the money to the investor's bank account in the UK.

5. Loan cost

The specific amount of appraisal fee depends on the purchase price of the house and will be paid when you submit the loan application.

The bank will charge a mortgage fee and pay it when you accept the loan agreement.

6. Repayment method

The demand and investment of self-employment are rewarded in the form of equal principal and interest.

2. Reasons for the popularity of British immigrants

1. Simple and flexible conditions

Brief description of the source of assets, no education, no age, no language requirements, simple customer documents, one-person application, family immigration; Asset certificates can be inherited and donated, such as real estate, deposits, securities and enterprise shares, and children can apply for gifts separately.

2. Welfare of low-income people

Housing subsidies (the government will pay most of the rent for the unemployed, extremely low-income or disabled people), income subsidies (unemployed, extremely low-income or disabled people can also apply for income subsidies), and medical subsidies (free medicines, dental treatment fees, free eye examinations, etc.). ).

3. State pension

The current retirement age in Britain is 65. People who meet the age requirements can receive a state pension. The basic state pension for singles is 1 pound per week, and married couples can apply for 1 pound. If there is no other income, a person can get a pension of 130 a week, and a couple can get a pension of 130 a week.

4. Other welfare systems in Britain

(1) Compulsory education: Free compulsory education is implemented in primary and secondary schools.

(2) National health service system: The national health service system provides comprehensive medical services, most of which are free. Medical care in British public hospitals is free, except for a small registration fee.

(3) Unemployment allowance: provided to1unemployed people aged 8 to 65, who must actively look for jobs. This amount is calculated according to the total amount of national insurance and personal property paid by the unemployed in the past.

(4) Child welfare: If you take care of your child, you are entitled to child welfare until the child reaches the age of 16. 16-/kloc-children aged 0/8 are also eligible if they are still studying in non-institutions of higher learning. One week for your first child 10, one week for other children 10.

5. Legal protection

Personal safety, interest safety, economic safety, fairness and justice, perfect social legal system, good social order, high degree of rule of law, respect for human rights and protection of private property.

6. A long tradition of education

The British education system enjoys a high reputation in the world, with thousands of courses and hundreds of schools, colleges and universities for you to choose from. Some institutions of higher learning include Oxford University, Cambridge University, London School of Economics and Political Science, London Imperial College London and Edinburgh University.

3. Taboos that must be understood when immigrating to the UK

Britain is a warm and friendly country, which enables many British immigrants to enjoy the immigrant life happily. However, if you live in Britain, you must know some taboos of the British, lest you leave a bad impression on each other.

Taboo 1: Giving gifts

In Britain, when giving gifts, we will give lighter gifts. Because the expenses are small, it is not easy to be mistaken for bribery. Like most westerners, British people like high-quality chocolates, famous China wines and bouquets. Most of them don't appreciate gifts with company logo.

Taboo 2: drinking tea

Tea in Britain can basically be called the national drink of China people. It is very feminine and loves tea like life. British people like fresh brewed strong tea water, with one or two pieces of sugar or a small amount of cold milk. In small villages, it is popular to drink English afternoon tea, also called meat tea or whole tea. When drinking tea, eat fish, meat and other dishes instead of staple food. There are five hours of tea in Britain, which is a business activity of rich women. Instead of drinking tea, it's better to have tea and chat with friends at five o'clock in the afternoon, and meet and tell the truth, which is equivalent to the conference of freshly ground coffee for women in continental Europe.

Taboo 3: Clothing

British people pay more attention to clothes, so they still wear suits and ties when receiving guests, visiting people or signing up for banquets, banquets and evening programs. You can wear a short-sleeved shirt without a suit in summer, but you should also wear a tie. However, they are very shy about striped bow ties, because striped bow ties will be considered as imitation of military uniforms or school uniforms.

Taboo 4: Don't change lanes.

The British have the habit of waiting in long lines. Students can see them queuing up one after another to get on buses, trains or buy newspapers. Changing lanes is an ugly personal behavior.

Taboo 5: Don't ask a woman's age.

British people hate to discuss the salary of boys and the age of girls, and even the price of furniture at home, and they should not ask. If you ask a woman's age, it's also inappropriate, because she thinks it's her own secret, and everyone wants to stay young forever, instead of looking up what a middle-aged woman said, "You look so young."

Taboo 6: Don't bargain.

When shopping in Britain, the most taboo is to reduce the price. The British hate bargaining and think it is a shameful thing. If you buy a precious handicraft or a large number of products, you must also carefully negotiate all the prices with the seller. The British seldom bargain. If they think the price of a product is right, they will buy it, and if the price is not right, they will leave.