Precautions of Mortgage loan in UK


In the UK, bank lending is done directly to a lawyer, which is different from paying directly to a seller in a domestic bank. The next lawyer received the money confirmed, then pay the lawyers at home, understand the relevant laws and regulations between the two lawyers trading, the risk will be smaller.
British mortgage loan plan flexibility, not only can choose the fixed interest rate or floating interest rate, the principal and interest together, or the first interest and the principal one-time payment and other details of the principal, and even can change the bank after a certain period of time. When you loan, you can also sign a short-term contract with the bank, such as two years. Two years later, if you think fit, re-sign the contract, if you feel that the conditions of other banks better, you can always change the loan to another family to go.
The loan period depends on the age of the oldest Shentong and generally loans to the applicant’s 65th to 70th birthday. In the first tranche of remittances, Chinese remittances overseas to pay the first installment are still subject to a limit of not more than US $ 50,000 per person per year. For average individual buyers, find a few more people to help remit to UK bank accounts Is more convenient and feasible approach. If the amount is relatively large, you can do a Hong Kong bank card, there is no limit on the sale of foreign exchange restrictions.


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