Bank of China started to provide mortgages in the UK

Bank of China began to issue mortgage loans on the domestic UK market to individuals wishing to get an apartment or house. Wrote on Saturday, July 25 Financial Times.

This step was a complete surprise to the British political and economic establishment. It shows that the current crisis the world economic position of China's substantial efforts and its financial income has already started a powerful insight into the leading industrial countries of the West.

According to the newspaper, the Bank of China set for UK borrowers are very low on local conditions, interest rates on their loans - only on 2,5% above the official bank rate account of the English pound sterling. British banks can not at the current time to gather competitive Chinese capital.

A distinctive feature of entering the Bank of China to the domestic market UK mortgage was his caution. According to the publication, staff of the Chinese banks insist that the loans will be issued only after an individual meeting with a potential borrower.