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AToM signs on to Bank of China distribution panel
Mortgage Solutions | 22 Jul 2010 | 09:03
All Types of Mortgages (AToM), the Horsham-based mortgage packager and distributor has signed a deal to offer Bank of China's residential, buy-to-let and commercial mortgages.
Rates on the deals start at 2.80% for residential borrowers and redemption penalties only apply for the first year of the deal. AToM is offering loan to values of up to 75% on residential, 65% on buy to let and commercial properties, for freehold properties.
"AToM is experiencing positive growth in the emerging marketplace and the addition of another lender to our panel of offerings demonstrates that lenders do still want to lend," says AToM sales and marketing director, Dale Jannels.
"Bank of China has some terrific product offerings and we look forward to working with them."
Bank of China uses manual underwriting and does not credit score applicants.
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Recent comments
Hardly big news? Legal & General have been offering Bank of China products for at least 12 months now - and offering a much bigger proc fee split than AToM are.
Bemused Broker
22 Jul 2010 | 09:45
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