SBI UK adds 50% LTV deal to offering

Published on

State Bank of India (UK) has relaunched its fixed rate buy-to-let products.

The range offers rates across a number of product options and introduces a new loan to value (LTV) band of 50% aimed at low gearing borrowers.

The reintroduced products offer deals to individual and portfolio landlords, including expats. The corresponding green range is available for properties that have an “A”, ”B” or “C” EPC rating, and such landlords will benefit from lower rates in SBI UK’s price points.

Abhishek Sahay, SBI UK’s chief business officer, said: “We are excited to reintroduce our fixed rate buy-to-let products, which will support landlords and the UK housing market during this pivotal time. We remain committed to the buy-to-let market and look forward to engaging with our intermediary partners.

“Our green range continues to support and reward energy-efficient homes and properties. The bank is proud to continue to play its part in incentivising reduction in carbon emissions.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...

Tipton expands Credit Plus range with second tier

Tipton & Coseley Building Society has added a second tier to its Credit Plus...

Property industry moves to speed up mortgage transactions

Lenders, conveyancers and estate agents are testing new ways of sharing property information earlier...

Latest publication

Other news

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...