As Mortgage Strategy Online exclusively revealed last week, Mortgageforce has secured a deal with Bank of China to operate out of its five UK branches – Cannon Street and Chinatown in London, Birmingham, Glasgow and Manchester.
The service will be for clients seeking a mortgage that falls outside the bank’s normal lending criteria. Bank of China is part of Bank of China Group – the fifth largest bank in the world. The deal comes hot on the heels of HSBC’s tie-up with John Charcol, which is trialling a broker service on a whole-of-market basis.
Fahim Antoniades, partner at Quantum Money, says: “Consumers are becoming more savvy and want to shop around for their mortgage and lenders are realising this.”