Brokers sold 14% of Bank of China mortgage deals
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Brokers account for 14% of all completions so far at Bank of China (UK), four months after the lender entered the UK mortgage market.
Bank of China (UK) has been tight-lipped about its UK mortgage business but Mortgage Strategy understands volumes have been low.
Adrian Dunn, managing director at Connect Mortgage Group, one of five distributors working with the lender, says: “Business started slowly but it has picked up in the past six weeks.”
He attributes the recent upturn to a better understanding of Bank of China (UK)’s criteria.
He adds: “I can see it stamping its mark on the broker market.”
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