Bank of China UK

Bank of China (UK) Limited is a wholly-owned subsidiary of Bank of China Limited, one of China's four largest state-owned commercial banks and a Fortune Global 500 company. The UK subsidiary is authorised by the PRA and regulated by both the PRA and FCA, with its headquarters in the City of London. Bank of China has had a presence in the UK since 1929, making it one of the longest-established Chinese financial institutions in Europe.

The bank's UK mortgage division serves a specific clientele: Chinese nationals, Hong Kong residents, and overseas Chinese who wish to invest in UK residential property. Bank of China UK has particular expertise in assessing income earned in mainland China, Hong Kong, Taiwan, and other regions, including understanding Chinese tax returns, company structures, and property ownership regulations. The bank can facilitate communication in Mandarin and Cantonese, removing language barriers that can complicate the mortgage process.

Bank of China UK offers residential purchase and remortgage products for properties in England and Wales. The bank typically lends on properties in major cities and commuter areas. While the mortgage proposition is niche, it fills a critical gap in the market for Chinese-origin borrowers who find it difficult to evidence their income through mainstream UK lenders. The bank benefits from the financial strength and global network of its parent company.