Bank of China teams up with mortgageforce

Bank of China is teaming up with national brokerage mortgageforce to exclusively launch its whole of market broking service.

The service will be for customers seeking a mortgage which falls outside the bank’s normal lending criteria.

The bank will refer customers to mortgageforce advisers in its UK branches in order to extend its range of services to customers.

The bank employs 230 staff in the UK and has five branches, located in London Cannon Street, London Chinatown, Birmingham, Glasgow and Manchester.

Chris Steel, head of corporate sales and development at mortgageforce, says: “The Bank of China is a very significant and exciting addition to our growing number of corporate introducers.

“We are delighted to be working in partnership with the Bank of China in providing a substantial range of products and solutions to satisfy its customers’ needs.”

The move echoes that of HSBC which linked with John Charcol earlier in the year to launch a seven month trial mortgage intermediary service on a whole of market basis.

Bank of China is part of the Bank of China Group – one of the largest banks in the world by market capitalisation.