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|State Bank of India, UK buy to let mortgage products now accessible|
|Thursday, 02 February 2017|
State Bank of India UK (SBI UK) buy-to-let mortgage products are now accessible through The Right Mortgage Network.
SBI UK's buy-to-let product range provides financing up to 70% loan to value and offers tailored products for Individuals, Special Purpose Vehicles (SPVs), Limited Liability Partnerships and Limited Companies. SBI UK's products are available on a fixed or tracker basis, with rates from as low as 2.44%, over a term of 3 or 5 years.
Stephen Banks, Head of National Sales for SBI UK said: "We are delighted that our buy to let mortgages are available through intermediaries such as The Right Mortgage, thus ensuring a wider distribution of our buy-to-let range. In particular, we believe SPV/LLP mortgages will become more central in the market in the coming years. Furthermore, we have competitive products, and believe our range is a compelling offer for mortgage intermediaries."
Martin Wilson, CEO of The Right Mortgage & Protection Network added: “State Bank of India will be another fantastic addition to our panel, offering our members greater choice when sourcing for their clients’ BTL needs. The products that SBI can offer will add significant value for our advisers.”
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