Popular science: what documents do I need to show when I borrow money to buy a house in the UK?

Popular science: what documents do I need to show when I borrow money to buy a house in the UK? Overseas real estate investment, with the purpose of buying a house, is actually a more important choice in any country. Britain is a typical capitalist country, and here is a country that is rarely sought after by investors. During the year, in addition to immigrant investors, investors flocked to Britain, hoping that buying a house with investment would bring them some benefits.

Because the cost of buying a house is very high, everyone will suffer certain economic harm. Therefore, most people choose bank loans to reduce certain risks for themselves. This is also a common choice in many capitalist countries. Bank loans, in addition to paying a certain interest, more property or holding it in your own hands, can make people enjoy more freedom of economic development. Take the bank loan as an example, the whole process is very troublesome.

The certificates that must be presented for housing loans in the UK include: 0 1 proof of salary and income.

This is an ordinary document. Only by better confirming your income can financial institutions estimate you conveniently and have a certain estimate of your loan amount, including your personal loan interest.

02 personal credit information confirmation

This is a personal credit certificate in Britain, which clearly indicates your credit. Many areas where credit can be recorded can be successfully completed if there are no violations.

Confirmation of your personal purchase of real estate

This is to make a better calculation of your housing loan, including your personal loan conditions, to see if you meet it. All the property rights around your house are estimated according to the new price, and then you will gradually file and realize the approval step by step. Until the last paragraph, the above three certificates are the general documents that you must produce when you borrow money to buy a house in the UK.

The interest rate of housing loan in Britain is lower than that in China, generally 2.5%-3.5%. In addition, the benchmark interest rate of the central bank is 0.5%, and the annual interest rate and policies of each bank are different. Generally speaking, the personal loan amount is 4-4.5 times of the applicant's annual income, and it is limited to 70% of the total house price. The mortgage period depends on the applicant's age. The proportion of housing loans available to customers in China is closely related to their own operating conditions (property and income), the transaction price of real estate (house inspection report) and the main uses of buyers (self-occupation and project investment). According to the international practice of Bank of China UK Branch, customers can get up to 70% loans.