In the UK bitcoin investors are denied mortgage loans

In the UK the cryptocurrency investors have problems with the acquisition of mortgage loans, banks refuse to provide them, because I don’t think cryptocurrency legitimate source of income.

According to representatives specialize in mortgage lending UK companies in the mortgage industry in General lack of understanding of cryptocurrencies.

«First mortgage lender, who I called asked me what cryptocurrency is. Lenders require official confirmation of the legal origin of funds. After I told her about the cryptocurrency, they said they would not work with her.», – the broker said mark Stallard from Holiday Home Mortgages.

Several banks have stated that they will not accept deposits, derived from cryptocurrency, while banks including Santander, Nationwide and Aldermore, said that they have no official policy on this issue.

«Currently there is no regulation of these electronic currencies, which puts them in the highest risk category in relation to money laundering. In addition, it is well known that such currencies are popular among the fraudsters to launder the proceeds of crime», – said the Building Societies Association.

However, not all mortgage lenders in the UK adhere to anticryptogamic policy. Several banks, including HSBC, Royal Bank of Scotland, Barclays and Coutts, I agree with cryptocurrency deposits, while requiring identification to establish the origin of funds.

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